§548.403. Description of method of calculation.
29 C.F.R. § 548.403
The established basic rate for which approval will be sought will normally be a formula or method of calculation of a rate rather than a specific dollars and cents rates. 20 The application should contain a complete description of the formula or method of calculation of the established basic rate, including any necessary examples which will enable the Administrator to understand how the rate will be computed and applied.
Notes, amendments, and revision history
Amendments
[20 FR 5683, Aug. 6, 1955]
Authority
Authority: Sec. 7, 52 Stat. 1063, as amended; 29 U.S.C. 207, unless otherwise noted.
Amendments
[20 FR 5683, Aug. 6, 1955]