0
An employee worked 40 hours at his regular rate of 5.00 per hour He also worked 5 hours of overtime at a rate equal to 1 one-half times his regular rate How much did he earn this week?
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
Employee regular earnings are calculated as?
Number of regular hours worked in pay period x hourly rate
How do you explain how to calculate overtime pay?
If overtime pay is 1 1/2, then it would be calculated like so... (hours worked) x (regular pay) x 1.5
How do you calculate overtime pay?
Most overtime hours are payed 1& 1/2 times your original hourly pay. SO if your payed $10.00 an hour you will be payed $15.00 for every overtime hour. $12.00 would be $18.00 an hour in overtime pay. $6.50 an hour would be $9.75 an hour overtime rate. Some states have their own policy on overtime pay but the national law is 1 1/2 times your original hourly wage. Some professions are excluded ,see your labor rights poster which should be posted at your job in an area where all employees are readily able to read and understand it. Time and one-half the "regular hourly rate." If an employees regular pay is not expressed as an "hourly" rate, their regular pay rate must be converted to an hourly equivalent.Hourly rate -- (regular pay rate for an employee paid by the hour). If more than 40 hours are worked, at least one and one-half times the regular rate for each hour over 40 is due.Piece rate -- The regular rate of pay for an employee paid on a piecework basis is obtained by dividing the total weekly earnings by the total number of hours worked in that week. The employee is entitled to an additional one-half times this regular rate for each hour over 40, plus the full piecework earnings.Another way to compensate pieceworkers for overtime, if agreed to before the work is performed, is to pay one and one-half times the piece rate for each piece produced during the overtime hours. The piece rate must be the one actually paid during nonovertime hours and must be enough to yield at least the minimum wage per hour.Salary -- the regular rate for an employee paid a salary for a regular or specified number of hours a week is obtained by dividing the salary by the number of hours for which the salary is intended to compensate.If, under the employment agreement, a salary sufficient to meet the minimum wage requirement in every workweek is paid as straight time for whatever number of hours are worked in a workweek, the regular rate is obtained by dividing the salary by the number of hours worked each week. To illustrate, suppose an employee's hours of work vary each week and the agreement with the employer is that the employee will be paid $420 a week for whatever number of hours of work are required. Under this agreement, the regular rate will vary in overtime weeks. If the employee works 50 hours, the regular rate is $8.40 ($420 divided by 50 hours). In addition to the salary, half the regular rate, or $4.20 is due for each of the 10 overtime hours, for a total of $462 for the week. If the employee works 60 hours, the regular rate is $7.00 ($420 divided by 60 hours). In that case, an additional $3.50 is due for each of the 20 overtime hours, for a total of $490 for the week.In no case may the regular rate be less than the minimum wage required by FLSA.If a salary is paid on other than a weekly basis, the weekly pay must be determined in order to compute the regular rate and overtime pay. If the salary is for a half month, it must be multiplied by 24 and the product divided by 52 weeks to get the weekly equivalent. A monthly salary should be multiplied by 12 and the product divided by 52.
Jennifer Davis earns 7.50 an hour at her job and is entitled to time and a half for overtime Last week Jennifer worked 40 hours of regular time and 5 and .5hours of overtime How much did she earn fo?
542.50
Marcus makes 12 per hour He worked 11 hours on Wednesday How much would he make with overtime for Wednesday?
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.
An employee worked 40 hours at his regular rate of 5.00 per hour He also worked 5 hours of overtime at a rate equal to one and a half times his regular rate How much did he earn this week?
$237.50
How do you calculate overtime pay on excel?
To calculate overtime pay in Excel, follow these steps: Organize Your Data: Create a spreadsheet with columns for employee names, regular hours worked, regular hourly rate, overtime rate, overtime hours worked, and overtime pay. 2. Input Employee Data: Fill in the columns with appropriate data for each employee, or just yourself if you are calculating your own overtime pay. For example, if you work 40 regular hours a week at $20 per hour, enter these figures in the respective columns. 3. Calculate Regular Weekly Pay: Add a column titled "Regular Weekly Pay." Multiply the regular hours worked by the regular hourly rate to calculate the regular weekly pay for each employee. 4. Determine Overtime Rate: Decide the overtime compensation rate (typically time and a half or double time). For time and a half, use 1.5 times the regular rate. 5. Calculate Overtime Pay: Add a column for "Overtime Pay." Multiply the regular hourly rate by the overtime rate (e.g., 1.5) to get the overtime pay rate per hour. Then, multiply this rate by the number of overtime hours worked. 6. Calculate Total Weekly Overtime Pay: Add a column titled "Total Weekly Overtime Pay." Multiply the overtime hours worked by the overtime pay to get the total overtime pay for the week. 7. Calculate Total Weekly Pay: Add a final column for "Total Weekly Pay." Add the regular pay and overtime pay together to get the total weekly pay for each employee. 8. Ensure Accuracy: Double-check your formulas and data entry for any errors.
When an employee uses fmla can employer deny employee overtime pay?
Yes an employer can deny giving you overtime hours but if you have already worked overtime then it is not okay for an employer to deny paying overtime once the hours have already been earned.
Can an employer make an employee pay for overtime work incurred to another employee who worked overtime for covering the employee's shift?
I am not a lawyer, but I can't see this being legal anywhere.I can see it being perfectly legal for the employer to fire the employee that made them pay some other employee overtime, though.
What is Illinois overtime rules- 8 hour day or 40 hour week?
In the State of Illinois, overtime is not paid to the employee until they have worked 40 hours. This does not inlcude holiday pay.Overtime is based on hours actually worked during a given work week. Holiday pay for a day when an employee does not work is not included in the 40 hours for purposes of overtime calculation.
What formula to compute overtime?
Overtime = Hours Worked - Contracted Hours.
How is overtime rate and overtime pay calculated?
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.
As a salaried employee, is there a limit to how many overtime hours can be worked in a week without overtime compensation Some of us make over $455 a week, others don't. Thank you for your time. This will squash a discussion that has become quite heated.?
The Fair Labor Standards Act (FLSA) requires that non-exempt employees be paid overtime for hours worked over 40 in a workweek. However, exempt employees who earn a salary of over $455 per week and meet certain job duties may not be entitled to overtime pay. It is important to consult your employment contract or the FLSA regulations to determine if you fall under the exempt or non-exempt category.
Employee regular earnings are calculated as?
Number of regular hours worked in pay period x hourly rate
How do you explain how to calculate overtime pay?
If overtime pay is 1 1/2, then it would be calculated like so... (hours worked) x (regular pay) x 1.5
If employers do not want to pay overtime pay what other options do they have?
If an employee has worked overtime, the employer has NO other option but to pay it unless the employee is exempt under FLSA. If the employer is seeking to plan strategically to avoid overtime from occurring, using additional staff or creating an exempt position under FLSA are two viable options.
Can you be short paid if you are a salaried employee and are fired?
Salaried employees who are exempt from the federal overtime law, must be paid for every DAY worked, not docked for hours missed, just days not worked.
