Hourly pay / OT Pay

Front

What is hourly pay?

Back

Hourly pay is the amount of money an employee earns for each hour worked.

Front

What is overtime pay?

Back

Overtime pay is the additional compensation an employee receives for working more than the standard hours, typically over 40 hours per week.

Front

How do you calculate overtime hours?

Back

Overtime hours are calculated by subtracting 40 from the total hours worked in a week. For example, if you work 45 hours, your overtime hours are 45 - 40 = 5 hours.

Front

If an employee earns $15 per hour, how much will they earn in a 40-hour week?

Back

To calculate weekly earnings, multiply the hourly wage by the number of hours worked: $15 x 40 = $600.

Front

What is gross pay?

Back

Gross pay is the total amount of money earned by an employee before any deductions such as taxes or benefits.

Front

If a worker earns $12 per hour and works 35 hours, what is their gross pay?

Back

Gross pay = Hourly wage x Hours worked = $12 x 35 = $420.

Front

What is the formula to calculate total earnings for a week?

Back

Total earnings = Hourly wage x Total hours worked.

Front

If an employee works 50 hours in a week and earns $20 per hour, how much will they earn in overtime?

Back

First, calculate regular pay for 40 hours: $20 x 40 = $800. Overtime pay for 10 hours (1.5 times the hourly rate): $20 x 1.5 x 10 = $300. Total earnings = $800 + $300 = $1,100.

Front

What is the difference between gross pay and net pay?

Back

Gross pay is the total earnings before deductions, while net pay is the amount received after deductions.

Front

If a worker earns $10.80 per hour and works 37 hours, how much do they earn?

Back

Earnings = $10.80 x 37 = $399.60.