Overtime Pay Calculator

How to Use the Overtime Pay Calculator

This guide will walk you through the steps required to use the Overtime Pay Calculator effectively. By following these instructions, you’ll be able to calculate your regular pay, overtime pay, total hours worked, total pay, and effective hourly rate.

Step 1: Enter Regular Hourly Rate

Begin by entering your regular hourly rate. This is the amount you earn per hour during regular work hours. Ensure that the value is between $0.01 and $1000. Use the step increment of $0.01 for precision.

Step 2: Enter Regular Hours Worked

Next, input the total number of regular hours you have worked. This should be a value between 0 and 168 hours. The input allows decimal increments of 0.25 hours for accuracy in reporting partial hours.

Step 3: Enter Overtime Hours Worked

In this step, input the overtime hours you have worked. Overtime hours can range from 0 to 128, also allowing increments of 0.25 hours to accommodate precise time tracking.

Step 4: Select Overtime Rate Multiplier

Choose the appropriate overtime rate multiplier. Options available include:

• Time and a half (1.5×): For 1.5 times your regular rate.
• Double time (2×): For 2 times your regular rate.
• Double time and a half (2.5×): For 2.5 times your regular rate.

Make sure this selection matches the agreed overtime payment terms for your workplace.

Step 5: Review the Calculated Results

Once all inputs are provided, the calculator will generate the following results for your review:

• Regular Pay: Calculated using the formula regularHourlyRate * regularHoursWorked, presented in USD.
• Overtime Pay: Computed as regularHourlyRate * overtimeHours * overtimeRate, also in USD.
• Total Hours Worked: Sum of regular hours and overtime hours, formatted as number of hours.
• Total Pay: Total of regular and overtime pay combined, shown in USD.
• Effective Hourly Rate: Average hourly earnings calculated by dividing total pay by total hours worked, expressed in USD/hour.

You can use these results for understanding your earnings better and managing your finances. Ensure all inputs are correct to obtain accurate calculations.