WebCalculating time and a half pay for hourly employees is the easiest case. The steps that you should go through are the following: Determine the overtime pay rate by multiplying the regular pay rate by 1.5. Calculate total overtime pay by multiplying the overtime pay rate by the number of overtime hours for a particular week. WebNov 18, 2024 · Overtime pay = Hourly rate x 1.5 Let’s say your employee earns $10 per hour. For any hours worked beyond 40, they would earn 1.5 times that hourly rate, or $15 per hour. This is commonly referred to as “time and a half.” $15 per hour in overtime pay = $10 x 1.5 Double overtime is simply two times the hourly rate.
Calculating overtime based on two hourly rates
WebDec 15, 2024 · To find your overtime pay, start with your typical hourly wages. If you're an hourly employee, you can take your value, such as $12 per hour. If you're a salaried employee, then you can find the total you make per week and divide it by 40, which is the total hours you work. 2. Multiply the hourly wage by 1.5 WebThe federal overtime provisions are contained in the Fair Labor Standards Act (FLSA). Unless exempt, employees covered by the Act must receive overtime pay for hours … construction\u0027s wk
Time and a Half: How Do You Calculate It? - The Motley Fool
WebHourly pay rate = $ 15. Total payment for 40 hours at 15$ an hour. 15 * 1.5 * 10 = $225. So, add $225 dolar for additional 10 hours. Therefore, the total weekly pay would be 825 USD. Also, you could add the same values into our best overtime calculator and get all the extra pay-related calculations in instant. Example 3: WebApr 17, 2015 · You calculate the overtime rate by dividing salary by the number of hours that Chuck actually worked in a week. Under the fluctuating workweek method, you have already paid him $20 of the $30.00 hourly overtime rate by virtue of his base salary, so you owe him just the half-time overtime premium: WebFirst, calculate her hourly rate for this particular week: $900/45 hours = $20 per hour. In Melinda’s example, the 5 overtime hours have been paid at the standard rate with her … construction\u0027s wh