If overtime pay is 1 1/2, then it would be calculated like so...
(hours worked) x (regular pay) x 1.5
worked 12 hours overtime and get paid time and 1/2 but this day was also a holiday which i get paid time and a 1/2. if my base pay is 32 dollars an hour how much would i get paid for that day
Assuming your overtime rate of pay is "time and a half", your overtime rate is $7.20 per hour. That would make your normal rate of pay $4.80 per hour, which means you really should start reading the classified ads or join a union...
Math.
If you are paid by the hour at a uniform rate, simply multiply the hours worked by therate per hour. If you are paid different rates, say for overtime or hazardous work,you would have to multiply each rate by the number of hours worked at that rate and add these to get the total gross pay.1916.67
You need more information to solve this: how many hours is his regular work time (to calculate the number of hours that are overtime), and how much he gets paid for overtime work.
To calculate overtime pay, follow these steps: Determine Overtime Rate: Typically, it's time and a half (1.5 times the regular rate). For example, if the regular rate is $20/hour, the overtime rate is $30/hour (1.5 x $20). Calculate Overtime Hours Worked: Overtime is usually the hours worked over the standard full-time hours (often over 40 hours per week). Calculate Overtime Pay: Multiply the overtime hours by the overtime rate. E.g., for 8 overtime hours at a $30/hour rate, the overtime pay is 8 x $30 = $240. In Excel: Set up columns for names, regular hours, hourly rate, overtime rate, overtime hours, and pay. Multiply regular hours by hourly rate for regular pay. Multiply overtime hours by the overtime rate for overtime pay. Add regular and overtime pay for total pay. Ensure accuracy in calculations to avoid compliance issues. For complex situations, consider using dedicated software or automation tools.
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 but this is the simplest way I know.
To calculate overtime, you multiply 1.5% times your hourly wage. When you get that, you multiply that times your overtime hours worked.
no
Yes your company has to pay overtime In California.
No. Companies are not required to pay overtime!
Gross pay with overtime hours is calculated by adding the regular pay for standard hours worked and the overtime pay for additional hours worked at a higher rate, typically 1.5 times the regular pay rate.
It depends on your employer but typically it will be paid as straight-pay and not overtime pay. Straight-pay meaning your normal hour wage.
Depends. If a worker is getting paid by the hour and is not otherwise exempt, it usually is illegal for an employer not to pay overtime.
It became fat.
Calculate Gross Pay for hourly employees by multiplying the pay rate times the number of hours worked in the pay period, and including payment of overtime at 1.5 times the pay rate.
Yes overtime basic pay to workers is direct labor cost as this cost is identifiable separately.