Hourly & Overtime Pay

Front

What is the definition of gross pay?

Back

The total amount of an employee's earnings before any deductions.

Front

How do you calculate overtime pay?

Back

Multiply the hourly wage by 1.5 for time and a half, or by 2 for double time.

Front

What is considered a full work week in hours?

Back

40 hours.

Front

If an employee earns $40.00 an hour, what is their overtime rate for hours worked over 8 in a day?

Back

$55.00 per hour.

Front

How many hours are considered overtime in a standard work week?

Back

Any hours worked over 40 hours.

Front

What is the formula to calculate total salary for a week including overtime?

Back

(Regular hours x Hourly rate) + (Overtime hours x Overtime rate).

Front

If Mike worked 5 hours on Monday, 10 hours on Tuesday, 7.5 hours on Thursday, and 15 hours on Saturday, how many total hours did he work?

Back

37.5 hours.

Front

What is the overtime rate if an employee's hourly wage is $17.80 and they work 7 hours of overtime at double time?

Back

$35.60 per hour.

Front

What is the total salary for Mike if he worked 37.5 hours with 2.5 hours of overtime?

Back

$1,635.00.

Front

What does it mean to earn time and a half?

Back

It means earning 1.5 times the regular hourly wage for overtime hours.