Calculating Overtime Pay Worksheet Answers 1 2 Chapter 1 2 Overtime Pay Objectives Calculate overtime pay and total pay You get paid 12 50 an hour for a 40 hour work week You get paid time and a half for overtime hours If you earned 612 50 in one week how many hours of overtime did you work K P P I N P I
It is calculated based upon your hourly rate of pay To determine your straight time pay multiply the number of hours you worked by your hourly rate Straight Time Pay Hourly Rate Hours Worked Find the straight time pay Example 135 hours worked at 7 75 per hour Example 2363 4hours worked at 8 775 per hour Find the straight time pay 2 1 Wages and Overtime Worksheet 1 3 2 1 Daisy earned 23 45 per hour and worked for 40 hours 2 Mickey earned 44 50 per hour and worked for 12 hours 3 Donald worked for 4 hours on Monday 5 hours 30 minutes on Wednesday 3 hours 15 minutes on Thursday and 8 hours on Saturday
Calculating Overtime Pay Worksheet Answers 1 2
Calculating Overtime Pay Worksheet Answers 1 2
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How To Calculate Overtime Pay Quickly Using Excel Formulas YouTube
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How To Calculate Overtime Earnings From Hourly Pay Rate Formula For
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To calculate overtime Step 1 Because the tip credit was taken use the full minimum wage to calculate the overtime rate 7 25 x 1 5 10 88 Step 2 Subtract the appropriate tip credit from the overtime rate to achieve the adjusted overtime rate and multiply by the number of overtime hours worked that week Calculating Gross Pay Worksheet 2 1 Mike likes to work overtime because he earns time and a half 1 times his normal wage Mike earns 15 50 per hour If Mike earns overtime pay for every hour over 40 per week how much does he earn in a 54 hour week Prove your answer 6 Grace earns 1 50 for every pumpkin she carves at a Halloween
The employee s total pay due including the overtime premium for the workweek can be calculated as follows 1 200 40 hours 30 regular rate of pay 30 x 1 5 45 overtime premium rate of pay 45 x 2 overtime hours 90 overtime premium pay 1 200 90 1 290 total pay due Calculate the gross pay in the table below The first one has been done for you FinanceInTheClassroom KEY Hours Worked hrs 8 80 Regular Pay hrs 13 20 Overtime Pay Gross Pay 52 40 hours 352 00 40 x 8 80 12 158 40 12 x 13 20 510 40 352 158 40 25 25 220 00 25 x 8 80 0 0 220 32 32 281 60 32 x 8 80 0 0 281 60 40 40
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Worksheet 2 2 1 Wages and Overtime Mrs van der Vossen Math 10W 1 Find the following incomes 1 Bert earned 9 52 per hour and worked for 43 hours 2 Ernie earned 21 75 per hour and worked for 102 hours 3 Oscar worked for 4 5 hours on Monday 1 hours 30 minutes on Wednesday 3 hours 45 minutes on Thursday and 7 hours on Saturday In addition section 7 g 2 of the FLSA allows under specified conditions the computation of overtime pay based on one and one half times the hourly rate in effect when the overtime work is performed The requirements for computing overtime pay pursuant to section 7 g 2 are prescribed in 29 CFR 778 415 through 778 421
That she paid six bills online this month 13 00 583 92 It will be overdrawn and she will be charged a 25 overdraft fee B Chapter 4 Review Section 5 1 209 95 642 32 The overtime rate Overtime Hours Worked x Overtime Rate Overtime Pay is usually 1 5 times an employee s regular hourly pay In some cases such as on Sundays an employer may Regular Pay Overtime Pay Gross Pay pay double time or 2 times an employee s regular pay Directions Read each question carefully and write your answer on the line
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Calculating Overtime Pay Worksheet Answers 1 2 - The result is the smaller of two options 8 hours or regular time as calculated above To calculate OT overtime G5 contains E5 F5 Not much to see here We simply subtract regular time from total hours to get overtime Note the result will be zero if total time regular time