Hourly to Salary with Overtime Calculator
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How to use this hourly to salary with overtime calculatorHow to calculate hourly salary and overtimeOther related calculatorsFAQsHere's our hourly to salary calculator with overtime formulas to help you calculate your hourly, weekly, or monthly pay with overtime, ensuring that you have accurate income figures and the perfect way to know how much you earn.
Read on to gain further insight into:
- How to calculate hourly salary; and
- Overtime formulas.
Let's dive into the article below.
How to use this hourly to salary with overtime calculator
Our hourly to salary calculator with overtime is straightforward and efficient for your convenience. Just follow some simple steps and get your answer instantly.
- Enter your regular pay, e.g., $12 per hour.
- Input your regular work time, e.g., 40 hours per week.
- You'll get your result in total regular pay, which in this case is $480 per week.
Now, to find your overtime pay:
- Set your overtime pay multiplier, e.g., 1.5, or directly input the overtime pay, e.g., $18 per hour.
- Provide the overtime hours, e.g., 4 hours per week.
- You'll have your total overtime pay, that is $72 per week here.
- Lastly, our calculator will display your total pay, which in our example is $552 per week.
Now that you know how to use our hourly to salary calculator with overtime, let's delve into how we can manually calculate income while incorporating the overtime formula.
How to calculate hourly salary and overtime
Now would be the perfect time to talk about the salary and overtime formulas. They might sound very mathematical, but they are easy enough to be done at your fingertips. Here's how you can calculate your hourly salary with overtime using formulas:
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First, multiply your total number of work hours by your hourly pay to get your salary:
Salary = Total number of hours × Hourly pay
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Now, find your overtime hourly rate by multiplying your hourly pay with the overtime multiplier:
Overtime pay = Hourly pay × Overtime pay multiplier
The overtime multiplier is generally 1.5 unless decided otherwise.
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Then, calculate your overtime salary by multiplying the overtime hours and pay:
Overtime salary = Overtime hours × Overtime pay
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Finally, sum the salary with overtime to get your total:
Total salary = Salary + Overtime salary
See, it's simple, isn't it? A few multiplications here, some additions there, and you have your result.
I make $17 an hour, how much is my overtime pay?
Your overtime hourly pay would be $25.50, considering a standard overtime pay multiplier of 1.5.
To calculate this, you can use the following formula:
Overtime Pay = Hourly Pay × Overtime Multiplier
Overtime Pay = 17 × 1.5
Overtime Pay = $25.50
Can I calculate my salary from an hourly rate?
Yes, you can calculate your salary from an hourly rate:
- Note your standard hourly pay, e.g., $15 per hour.
- Specify your total working hours in a month, e.g., 160 hours.
- Multiply your standard hourly pay by your total working hours, and you have your salary, for example, 15 × 160 = 2400.
Thus, if your hourly rate is $15, and you work 160 hours a month, your total monthly salary is $2400.