1. Money

Hourly Employee

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An hourly employee is paid on an hour-by-hour basis. Pay for an hourly employee is calculated as hours worked times rate.Hourly employees are also considered to be eligible for overtime, according to federal law, if they work over 40 hours in a workweek.

In contrast to hourly workers, salaried employees are paid an annual salary and are considered to be exempt from overtime.

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