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Use the overtime calculator to estimate your overtime pay based on certain parameters, including hourly wage, regular hours worked, and overtime hours worked. The calculator will also help you determine double, triple, and custom overtime pay so you can better understand your earnings based on the work you do.
Overtime is additional time that an employee works beyond their scheduled working hours.
Overtime rules vary from company to company depending on the job description, company policy, and the additional hours worked.
Steps to calculate overtime pay:
Mathematically:
Overtime Pay = Additional Hours Worked * Overtime Rate
If a person earns an hourly wage of $23 and works 5 hours more than the normal working hours (8 hours), his overtime pay would be:
Overtime Pay = Additional Hours Worked * Overtime Rate
Overtime pay = 5 * $23
Overtime pay = $115
Based on his regular and overtime pay, a person's gross daily wage is
Gross Salary = Regular Salary + Overtime
Gross Salary = $184 + $115
Gross Salary = $299
If you are interested in calculating overtime pay in terms of various other frequencies, the overtime calculator can do it for you. Simply enter your hourly rates and related information, select the overtime frequency, and get the corresponding result.
One and a half hours refers to overtime pay, which is 1.5 times the employee's regular rate of pay.
One and a half hours = Standard working hours * 1.5
Double time occurs when overtime hours are exceeded. When an employee works more than 10 or 15 hours per week, he/she is assigned double the rate of pay.
Double Time = Regular Pay Rate * 2
Exempt status defines a job description in which an individual's salary is not reduced due to fewer hours worked. In an organization, employees with exempt status typically hold administrative or managerial positions.
Such employees are not covered by the Fair Labor Standards Act (FLSA) and are also exempt from overtime pay.
| Regular payment | Payment at one and a half rate | Double Time Pay |
|---|---|---|
| $10 | $15.00 | $20.00 |
| $12 | $18.00 | $24.00 |
| $14 | $21.00 | $28.00 |
| $16 | $24.00 | $32.00 |
| $18 | $27.00 | $36.00 |
| $20 | $30.00 | $40.00 |
| $22 | $33.00 | $44.00 |
| $24 | $36.00 | $48.00 |
| $26 | $39.00 | $52.00 |
| $28 | $42.00 | $56.00 |
| $30 | $45.00 | $60.00 |
| $32 | $48.00 | $64.00 |
| $34 | $51.00 | $68.00 |
| $36 | $54.00 | $72.00 |
| $38 | $57.00 | $76.00 |
| $40 | $60.00 | $80.00 |
| $45 | $67.50 | $90.00 |
| $50 | $75.00 | $100.00 |