How To Calculate Overtime Pay 8 Steps With Pictures Wikihow If your state has a minimum wage of $9.00 an hour and follows the federal overtime rules, then the first 40 hours would yield $360 (40 x $9.00). the extra four hours of overtime would be multiplied by your regular rate of $9.00 times 1.5. you earned an extra $54.00 in overtime. 3. Calculate your weekly or annual pay. to find your base pay, multiply your number of hours worked by your pay rate. for example, suppose you work in ohio, where the tipped employee minimum wage is $4.08. you earn that wage, and work for 40 hours in a given week. your base pay is therefore .
How To Calculate Overtime Pay 8 Steps With Pictures Wikihow 1. divide your project into components. the first part of calculating the man hours you will need to do a job is to split up the project into smaller components. then estimate the amount of hours needed to complete each component. these components should be designated according to the type of labor involved. To find this number: calculate the product of the overtime monthly hours and the pay multiplier: 10 × 1.5 = 15. divide the result by your regular monthly hours: 15 160 = 0.0938. to find your pay, multiply the result by your monthly salary. the result corresponds to 9.38% of that amount. Use the following steps to calculate your overtime pay with this scenario: 1. calculate your regular hourly rate. start by dividing your weekly salary by the total number of hours you worked. perform the following calculation: weekly salary total hours worked = regular hourly rate $600 60 hours = $10 per hour. 2. 4. contact a lawyer. you need to be careful that you don't offer comp time when it isn't allowed. you could face an employee lawsuit and be investigated by your state or federal government. [8] for this reason, you should meet with an employment or labor lawyer and discuss how to pay comp time legally.
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