How Much Is Overtime If You Make 18 An Hour Work out your overtime with our Overtime Calculator This shows you the total pay you are due of regular time and overtime Overtime Rate sometimes known as OT is the hours you work in addition to the set limit of the 40 hour working week Anything worked in excess of 40 hours is subject to overtime pay as dictated by the Fair Labor
Overtime is the additional work an employee performs beyond their regular working hours which are often set at 40 hours per week in many countries This extra time is typically compensated at a higher rate than the standard pay commonly at time and a half or 1 5 times the regular hourly rate The standard overtime rate is 1 5 times an employee s regular hourly wage time and a half This means that if you earn 15 per hour your time and a half overtime rate will be 22 50 per hour 15 1 5 If you earn double time your overtime rate will be 30 per hour 15 2
How Much Is Overtime If You Make 18 An Hour
How Much Is Overtime If You Make 18 An Hour
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Overtime Calculator
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Free Overtime Calculator - Clockify
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Step 1 Enter your regular hourly pay rate Step 2 Input your regular worktime in hours days or weeks Step 3 Choose the overtime multiplier the default value is 1 5 or add your preferred value Step 4 Enter the total overtime hours worked Step 5 Click the Calculate button and get your overtime pay details To calculate your overtime rate of pay you convert the overtime description into a decimal number and multiply your regular rate of pay by the decimal multiplier Example Overtime Rate Calculation If your regular hourly rate is 12 00 and you re paid time and a half for overtime your overtime rate would be 18 00 12 00 x 1 50
Use that new number to calculate your overtime wages Since you worked 6 hours more than 40 multiply 6 by 5 76 to get 34 56 5 Calculate your straight time pay for the week Multiply 40 hours by your straight time wage of 2 13 which equals 85 20 6 Add your straight time wages to your overtime wages Their normal pay rate is 30 per hour and they will receive overtime pay of time and a half We can now plug these numbers into the overtime formula overtime pay 30 1 5 10 overtime pay 450 The overtime pay rate is found by multiplying the hourly rate by the overtime multiplier In this example it is 30 1 5 45
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Overtime Wage Calculator for California Employees (2022)
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A nonexempt employee has a regular hourly pay rate of 12 per hour and works five hours of overtime during a given workweek What is this individual s total gross compensation 12 x 40 hours 480 base pay 12 x 1 5 time and a half 18 overtime rate 18 x 5 hours 90 overtime pay 480 90 130 total gross pay This is important because the value can change based on the week and how an organization tracks overtime If you make 18 per hour in overtime pay and you work five extra hours then you can perform the following calculation 18 per overtime hour x 5 hours 90 4 Add the result to compensation from regular hours
In case someone works in a week a number of 40 regular hours at a pay rate of 10 hour plus an 15 overtime hours paid as double time the following figures will result Overtime pay rate 15 00 Overtime pay per period 225 00 An employer who requires or permits an employee to work overtime is generally required to pay the employee premium pay for such overtime work Employees covered by the Fair Labor Standards Act FLSA must receive overtime pay for hours worked in excess of 40 in a workweek of at least one and one half times their regular rates of pay The FLSA does not require overtime pay for work on Saturdays
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How Much Is Overtime If You Make 18 An Hour - Use that new number to calculate your overtime wages Since you worked 6 hours more than 40 multiply 6 by 5 76 to get 34 56 5 Calculate your straight time pay for the week Multiply 40 hours by your straight time wage of 2 13 which equals 85 20 6 Add your straight time wages to your overtime wages