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# How is overtime calculated on a bi monthly pay payroll?

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Usually hourly at time and a half. Can be banked, too.
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# How do you calculate overtime pay?

Overtime pay.. . Most overtime hours are payed 1& 1/2 times your original hourly pay. SO if your payed \$10.00 an hour you will be payed \$15.00 for every overtime hour. \$12.

# How do you convert a semi-monthly payroll to a bi-weekly payroll?

How? In what sense? Taxes & withholding? If you want to do an yearlong average, there are 4.3 weeks in each month.

# Can IRS take your refund even if you are paying them monthly with voluntary payroll deduction?

If your payment is for a balance owed to the IRS then yes, they will take any money due to you from a refund and apply it to your balance. Should your balance due be less than

# How do you do certified payroll if you pay bi- weekly?

Certified payroll must be filed weekly, beginning with the first week you actually perform work on a specific job, and continuing weekly until the job is completed.

# How do you explain how to calculate overtime pay?

If overtime pay is 1 1/2, then it would be calculated like so... (hours worked) x (regular pay) x 1.5

# How do you calculate overtime pay on excel?

Example: Enter in cell: A1 - Rate of pay A2 - Hours worked A3 - =(A2-8) A4 - =(A1*8)+(A1*1.5*A3) I double time is involed use A1*2 in Cell A4 This formula can be shortened

# What is the most common payroll dates for semi-monthly pay periods?

The most common pay dates are the 15th and End of Month. The next most common is the 1st and 15th. While the 2nd and 4th Friday of the month seems to be the next most common.

# How many bi monthly pay periods in 2009?

24....bi-monthly twice a month so 12x2.....that is of course assuming that you mean bi-monthly and not the every two weeks style pay period. In that case it would be 52/2 or 2

# How is overtime pay calculated for a nonexempt employee?

Overtime is paid at 1.5 times the employee's normal wage for any time work over 40 hours in a given workweek. If you earn \$7.25 per hour normally, you would earn \$10.88 per ho

# How do you calculate hours for semi-monthly payroll?

(Number of employees) X (number of hours worked by each in the given period.)

# Is overtime pay included in work comp calculations?

Not where I live unless you can prove it is a requirement of employment. And then it is a huge fight

# How do you calculate overtime pay base daily rates?

This is a common misconception and is overly simplified. A trueovertime rate should be time and 1/2 on the "Base Rate" of pay orthe factor of 1.5 against the unburdened rate.

# How do you calculate semi monthly payroll?

If payday is the 5th and the 20th then the pay period should end the 15th and the 31st of the month

# How is overtime rate and overtime pay calculated?

Overtime rate is 1.5. Overtime pay is standard pay (per hour) x number of overtime hours x 1.5. Overtime pay rate is then the standard pay (hourly wage) x 1.5. Example

# How is overtime pay often calculated?

at one and one half times the hourly rate

# What calculation is used to convert weekly pay into monthly pay?

Weekly pay x 52 (as there are 52 weeks in the year) ---> This will give you total pay for the whole year. Dividing that number by 12 gives the monthly pay.

# How is overtime pay usually calculated?

Example: Employee works a total of 55 hours during theweek. The employee had 40 hours of "Regular Time" (sometimes called"straight-time") and 15 hours of "Overtime."