Based upon the given hours, there must be 5 employees.
Total hours worked = 200 + 50 = 250 hours
%overtime hours = [ ( 50 ) / ( 250 ) ] [ 100 ] = 20 % <-------------
Total hours is 200 + 50 = 250
Percentage of overtime = (50/250) x 100 = 20%
Impossible to say. You have more hours worked than there are hours in a week.
If overtime pay is 1 1/2, then it would be calculated like so... (hours worked) x (regular pay) x 1.5
542.50
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.
If you worked your regular 40 hours and had 8 overtime hours, making 10.25 US dollars an hour, your check should be 492 US dollars gross.
394.50
Overtime = Hours Worked - Contracted Hours.
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.
If overtime pay is 1 1/2, then it would be calculated like so... (hours worked) x (regular pay) x 1.5
Nobody that I know of. You can work more than eight hours a day if you want and your employer will allow it.The reason your employer might not allow it is that generally they are required to pay overtime for any hours worked after the first 8. There are a couple of important exceptions: employees on a regular 10 hour per day (for 4 days per week rather than 5) shift do not get overtime pay, and salaried employees do not get overtime regardless of how long they work.
$237.50
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.
No. Non-exempt employees must be paid minimum wage for each hour worked, plus overtime premiums.
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.
overtime
What the company considers overtime needs to be defined in an employees' handbook. Some companies might consider overtime as anything over 8 hours in a day while other companies might consider overtime as anything over 40 hours in a week.
I worked overtime to get leave and more money.
Florida overtime laws require that any worker putting in more than 40 hours in one week must be paid time and a half (one and one half times the regular rate of pay) for any extra hours. Some occupations and industries, however, are exempt from Florida overtime laws. These mirror federal exempted industries and include computer and administrative employees, executive and outside sales employees, and highly compensated or salaried workers.