Most employees must be paid one and one-half times their regular hourly rate for all hours worked in excess of 40 hours in a given work week. State law does not require overtime after eight hours in a day. Some employees are exempt from overtime, such as executives, professionals, and some seasonal workers.
Origin: the ABA established ABA numbers in 1910 when each bank was assigned its own unique number. Today ABA numbers are often referred to as RTN or Routing Transit Numbers. Most people outside the banking industry refer to them simply as the bank routing numbers.
ABA Transit Numbers were developed by the American Bankers Association in 1910 to indicate check processing endpoints. Since then, the numbers' use has expanded to include participants in check clearing between banking institutions, automated clearing houses and online banking activities. The numbers are also used in Fedwire transfers. The ABA routing number appears in two forms on most checks: as a machine-readable nine-digit number on the bottom left (followed by the checking account number), and as a fraction at the top. The first form, known as the magnetic ink character recognition (MICR) form, is the one used to actually process checks.