Overtime Paycheck Calculator
Table of contents
Using the overtime paycheck calculatorUnderstanding "what is my overtime pay"Other helpful overtime related toolsFAQsOmni's overtime paycheck calculator is designed to help you calculate your earnings, taking into account both regular hours and overtime. We made sure to make a paycheck calculator with overtime that would help in some of the most significant calculations of your life. All you need to do is enter your basic working hours information to get a breakdown of your total paycheck, including overtime salary.
Let's continue to learn more about:
- How the overtime paycheck calculator works;
- How can you determine overtime pay?
- How can we do these overtime calculations manually?
Using the overtime paycheck calculator
You can follow these simple steps to calculate your pay cheque with our overtime paycheck calculator:
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Enter your regular pay, e.g., $20 per hour.
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Next, enter your regular work time, e.g., 40 hours per week.
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The calculator should now display your total regular pay, i.e., $800 per week.
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Now let's specify the overtime pay multiplier, e.g., 1.5 times set as default.
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And you'll have your overtime pay as $30 per hour.
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Next, write your overtime hours, e.g., 4 hours per week.
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The calculator will provide you with your total overtime pay, i.e., $120 per week.
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Finally, you'll have your total pay, which in this example is $920 per week.
Now that we know how to use this overtime paycheck calculator, let's explore the details of such calculations next.
Understanding "what is my overtime pay"
Overtime pay is the financial compensation for the time worked beyond the standard work hours. Here's how we calculate this compensation manually, using the formulas:
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First we calculate the total regular pay, where:
Total regular pay = Regular hours × Regular payFor example, 40 hours × $15 per hour = $600
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Next, we calculate the overtime pay, where:
Overtime pay = Regular pay × Overtime pay multiplierFor example, $15 per hour × 1.5 = $22.5 per hour
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And then, we find the total overtime pay:
Total overtime pay = Overtime hours × Overtime payFor instance, 10 hours × $22.5 per hour = $225
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Finally, we get our total pay as follows:
Total pay = Total regular pay + Total overtime payFor example, $600 + $225 = $825
We hope these calculations help ensure everyone receives fair compensation for their extra efforts.
⚠️ Some jobs and employees may be exempt from overtime rules. Always check your local labor laws and regulations to understand whether your job is exempt from overtime pay.
How much do I make in overtime, earning $22/hour?
You will be making $660 working 20 hours a month of overtime at a rate of $33/hour (1.5 × $22). At $22/hour working 160 hours a month, your salary is $3520. Adding the overtime makes it a total of $4180.
Let's see how to do it:
- Note your regular hourly pay.
- Multiply it by 1.5.
- The result is your hourly overtime pay.
- Next, multiply the hourly overtime pay by the overtime hours.
- This is your total overtime pay.
Can I determine my overtime pay?
Yes, you can. The formula that will help you answer "How to determine overtime pay?" looks like this:
Overtime Pay = Regular Pay × Overtime Pay Multiplier
If you're unsure of the multiplier, calculate it as 1.5 times your standard hourly rate.
For example, if you earn $12 per hour:
Overtime pay = 12 × 1.5
Overtime pay = $18