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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 is payroll calculated?

Payroll is calculated by taking how many hours the employee worked and multiplying it by how much the employee gets paid per hour. Any money being withheld for taxes, insuranc

# 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

# Meaning of payroll and how is it calculated in payroll?

A payroll is, in layman's terms, the out goings a company has to spend on its staff or human resources. These are often very complicated and difficult to figure out due to fac

# How is overtime pay often calculated?

at one and one half times the hourly rate

# What is a payroll and how is it calculated?

PayrollIn a functional accounting sense, "payroll" consists of an employer's activities related to the compensation it pays to its employees (payroll accounting, payroll tax r

# What semi monthly payroll means?

Semi Monthly payroll means you get paid twice a month - most common semi monthly payrolls are every 5th and 20th.

# What is semi-monthly payroll?

  Based on the specific state ruling to allow for a semi-monthly period, the period is as equal as possible amount of time twice each month.   Examples: 1st - 15th and

# What does Bi-monthly mean?

It can mean something happens twice a month or it can also mean something happens once every two months.

# 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.

# What is a bi-monthly lease?

it is a lease that requires the tenant to pay the rent every other week no matter how many weeks are in that month. The drawback is the tenant, at the end of the year, will pa

# 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. \$1

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

  The most important thing to determine if the STATE allows for the employer to pay their employees semi-monthly as each state is governed by their own pay day laws.  

# How do you draw a Flowchart to calculate the payroll of each employee for one pay period?

There is an organized plan and flowchart at the related link below.

# 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.

# Payroll report monthly?

    The Payroll report is a list of all employees working for a company. It usually includes name, position, type of contract (incl. overtime.. ye/no.. how much?) and

# 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
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# How do you calculate overtime pay base daily rates?

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