( Rate / 8 ) x Hours of Work = Under Time Pay
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No. Time and a half is 1 and a half times normal, double is twice normal pay.
Net pay = gross pay - deductions. Or in percentages: Net pay = gross pay x (1 - percentage of deductions / 100) If you have any two of these, you can solve the third. For example, in the last formula: gross pay = net pay / (1 - percentage of deductions / 100)
Most places do pay time and a half, some have a set amount of extra pay for holidays, while others pay at the same rate. There is no legal obligation for a private company to pay any kind of holiday pay, just a moral and social obligation.