You get payed twice a month so over the corse of a year you get payed 24 times or 24 pay periods.
If overtime pay is 1 1/2, then it would be calculated like so... (hours worked) x (regular pay) x 1.5
semimonthly
she would get $1666.67. how I got this: 40000/24 (payperiods)
deviation 15 is better
To calculate overtime, you multiply 1.5% times your hourly wage. When you get that, you multiply that times your overtime hours worked.
you may try the calculator linked below to estimate the salary in weekly, biweekly, semimonthly, or monthly basis. you need to include more details like how many work hours per week, overtime, tax rate, deductions, etc.
Overtime dispersal depends on the employee status. If the employee is Union then it is seniority based. If the employee is managment then the overtime should be rotated
No. They usually work on a commission basis.
No , it's just semimonthly. Kinda like biweekly . Hope this helped :)
To calculate overtime in gross pay, first determine the employee's regular hourly wage. Overtime is typically paid at 1.5 times this wage for hours worked beyond 40 in a week. Multiply the overtime hours by the overtime rate (regular wage x 1.5) to find the overtime pay. Finally, add the regular pay for the first 40 hours to the calculated overtime pay to get the total gross pay.
1666.67
No, there is no hyphen in "semimonthly." The correct spelling is a single word, used to describe events occurring twice a month.
You get payed twice a month so over the corse of a year you get payed 24 times or 24 pay periods.
Multiply the hourly rate by 1.5
To calculate overtime man-hours, first determine the total hours worked by an employee in a given pay period. Subtract the standard hours (usually 40 hours per week in the U.S.) from the total hours worked to find the overtime hours. Multiply the overtime hours by the number of employees working those hours to find total overtime man-hours. For example, if two employees worked 10 hours of overtime, the total overtime man-hours would be 20 hours (2 employees x 10 hours).
i dont know