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Understand Your Earnings: Overtime Pay Calculator

The Overtime Pay Calculator helps employees and employers estimate total earnings when overtime hours are involved. It breaks down pay into regular earnings and overtime earnings, providing a clear picture of the total compensation for a given period.

💰 How to Use the Calculator

To calculate overtime pay and total earnings:

1. Enter Regular Hourly Rate: Input your standard rate of pay per hour.
2. Enter Overtime Multiplier: Specify how your overtime is compensated. The most common is 1.5 (time and a half), but it can vary. For example, double time would be a multiplier of 2.
3. Enter Regular Hours Worked: Input the number of hours worked at your regular rate within the pay period (e.g., 40 hours for a standard week).
4. Enter Overtime Hours Worked: Input the number of additional hours worked that qualify for overtime pay.
5. Calculate: Click the "Calculate Overtime Pay" button.

The calculator will display your Regular Pay, the calculated Overtime Rate per hour, your total Overtime Pay, and the overall Total Pay for the period.

📊 The Calculation Explained

The calculator uses the following formulas:

• Regular Pay:
  Regular Pay = Regular Hourly Rate × Regular Hours Worked
• Overtime Hourly Rate:
  Overtime Hourly Rate = Regular Hourly Rate × Overtime Multiplier
• Overtime Pay:
  Overtime Pay = Overtime Hourly Rate × Overtime Hours Worked
• Total Pay:
  Total Pay = Regular Pay + Overtime Pay

💡 Frequently Asked Questions (FAQ)

What is 'time and a half'?

"Time and a half" is a common way of saying the overtime pay rate is 1.5 times the regular hourly rate. This is the standard required by laws like the Fair Labor Standards Act (FLSA) in the U.S. for non-exempt employees.

Does this calculator include taxes or deductions?

No, this calculator computes your gross pay (the amount before any deductions). Your actual take-home pay will be lower after taxes, insurance, and other deductions are subtracted.