How To Calculate Overtime Pay Youtube In this video we discuss how to calculate overtime earnings for employees earning an hourly wage rate. we go through the typical time and a half pay and do. In this online high school math financial algebra tutorial, you will learn how to calculate your total pay. total pay or gross pay consists of regular pay pl.
How To Calculate Overtime Earnings From Hourly Pay Rate Formula For In this video we discuss how to calculate the overtime pay for salaried employees. we go through a couple examples of converting yearly salary to hourly pay. 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. Overtime is the additional work an employee performs beyond their regular working hours, which are often set at 40 hours per week in many countries.this extra time is typically compensated at a higher rate than the standard pay, commonly at time and a half, or 1.5 times the regular hourly rate.
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