Calculating Overtime

Front

What is overtime pay?

Back

Overtime pay is the additional compensation paid to employees who work more than the standard hours in a workweek, typically calculated at a higher rate, often time-and-a-half.

Front

How is regular pay calculated for a 40-hour workweek?

Back

Regular pay is calculated by multiplying the hourly wage by the number of hours worked, up to 40 hours.

Front

What is the time-and-a-half rate?

Back

The time-and-a-half rate is 1.5 times the regular hourly wage, applied to hours worked beyond the standard 40 hours in a week.

Front

If an employee earns $10 per hour, what is their overtime rate?

Back

The overtime rate would be $15 per hour, calculated as $10 x 1.5.

Front

How do you calculate total gross pay including overtime?

Back

Total gross pay is calculated by adding the regular pay for the first 40 hours to the overtime pay for any hours worked beyond 40.

Front

What is the formula for calculating overtime pay?

Back

Overtime Pay = (Total Hours Worked - 40) x (Hourly Rate x 1.5) if Total Hours Worked > 40.

Front

If an employee works 45 hours at $12 per hour, what is their total gross pay?

Back

Total Gross Pay = (40 x $12) + (5 x $18) = $480 + $90 = $570.

Front

What is the significance of a regular workweek?

Back

A regular workweek typically consists of 40 hours, which is the standard for calculating overtime eligibility.

Front

How do you determine if an employee is eligible for overtime?

Back

An employee is eligible for overtime if they work more than 40 hours in a workweek, unless exempt under specific regulations.

Front

What is the total gross pay for an employee who worked 53.75 hours at $9.35 per hour?

Back

Total Gross Pay = (40 x $9.35) + (13.75 x $14.025) = $374 + $192.84 = $566.84.