The formula for determining regular earnings does NOT include which of the following factors?

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The formula for determining regular earnings is primarily based on the hours worked at the regular rate of pay. This means that regular hours worked and the regular rate of pay are essential components in calculating those earnings. Overtime hours, although they are part of total hours worked, do not factor into regular earnings because they typically involve a different pay rate, which is typically higher than the regular rate. Therefore, they are not included when calculating the standard or regular earnings.

Additionally, bonuses are also not included in calculating regular earnings, as they are typically considered additional compensation rather than a part of the regular earnings calculation. Focusing solely on regular hours at the regular rate allows for a clear understanding of what constitutes regular earnings, without the complexities introduced by overtime or additional performance-related pay.

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