Employers are required to offer at least time and a half for employees who work overtime. Calculate the employee’s regular wages using the rate from above. Multiply the hourly rate by 40 to get the employee’s total regular wages.

• This is your regular hourly rate of pay multiplied the by the overtime multiplier entered above.
• Every company can set its
  own holiday policy, but there are some common trends.
• Multiply the overtime rate from above ($18) by the number of overtime hours the employee worked during the week.
• Exempt workers are not covered by the FLSA and aren’t entitled to overtime pay.
• In the case of an all-hours worked salary, pay will cover all hours worked, no matter how many hours you work.
• Their standard hourly pay rate will differ, depending on how many hours they have worked in a particular week.

So if you want to know how much OT or holiday pay you will receive, enter the number of hours and the calculator will instantly calculate it for you. If you would like the overtime calculator to calculate the gross overtime wages for a number of overtime hours worked, enter the number of hours on this line. Otherwise, if you are only interested in the overtime rate of pay, leave the field blank.

How much overtime pay would I get by working 10 hours more monthly?

Note that the Help and Tools panel will be hidden when the calculator is too wide to fit both on the screen. Moving the slider to the left will bring the instructions and tools panel back into view. In other words, if you earn $10 for 1 hour of work, and you spend it on a movie ticket, what is time and a half for $23 an hour you have limited your wage for that hour to $10. If you have a question about the calculator’s operation, please enter your question, your first name, and a valid email address. As you can see, finding the time and a half wages for a fixed salary isn’t too much more complicated.

You may also have to provide back pay to your staff, as well as damages and legal fees. It refers to the extra payment that you owe to your employees for any hours they have worked above the 40-hour week. The standard overtime pay is time and a half the regular hourly payment.

Who can receive time and a half?

If the tools panel becomes “Unstuck” on its own, try clicking “Unstick” and then “Stick” to re-stick the panel. Follow me on any of the social media sites below and be among the first to get a sneak peek at the newest and coolest calculators that are being added or updated each month. In order to receive the monthly updates, all three boxes must be checked in the Terms, Privacy Policy, and Consent section.

• Many salaried employees don’t receive time and a half because they’re classified as exempt from overtime and minimum wage regulations.
• 🙋 Make sure to use our gross to net calculator to determine how much you could take home from your total pay after the deduction of taxes.
• In case you’re not familiar with the term, overtime (often referred to as “OT”) is a term typically used to describe the excess of hours worked beyond 40 hours per week.
• Selecting “Stick” will keep the panel in view while scrolling the calculator vertically.
• Of course, the best way to know what your particular company’s time and a half policies are is by doing some research.