The bid-ask spread works to the advantage of the market maker. Continuing with the above example, a market maker who is quoting a price of $10.50 / $10.55 for security A is indicating a willingness to buy A at $10.50 (the bid price) and sell it at $10.55 (the asked price). The spread represents the market maker's profit.
Waiter/Waitress Salary. (United States). The average pay for a Waiter/Waitress is $4.94 per hour. For the first five to ten years in this position, pay increases sharply, but any additional experience does not have a big effect on pay.People in this job generally don't have more than 20 years' experience.$8,525 - $40,463.United States). The average pay for a Waiter/Waitress is $4.94 per hour. For the first five to ten years in this position, pay increases sharply, but any additional experience does not have a big effect on pay. People in this job generally don't have more than 20 years' experience.
This average pay rate is then used to calculate the overtime rate. Example: Jimmyâs restaurant has a waitress who makes $2.65 per hour as a waitress and $8 per hour as a hostess. She earned $200 in tips. common mistake is to simply take the $2.65 minimum tipped wages and multiply it by 1.5. Calculating Overtime When Employees Have Different Pay Rates. When employees have different pay rates during a pay period (e.g., a waitress also works as a hostess), a weighted average pay rate must be calculated.