How Is Overtime Calculated? 3 Methods with Examples
https://www.indeed.com/career-advice/pay-salary/how-is-overtime-calculated
OverviewWhat is overtime?Who qualifies for overtime?How is overtime pay calculated for salaried employees?How is overtime pay calculated for hourly employees?How is overtime calculated for exempt employees? Calculating overtime pay for a salary with fixed hoursConsider that you earn $550 per week. While you expect to work 35 hours per week, you end up working 45 hours one week. To calculate your overtime pay using these fixed hours, use the following steps: Calculating overtime pay for a salary with all hours workedNow assume you earned $600 per week and that your salary accounts for all of the hours you worked, regardless of how many hours you worked. Imagine you worked 60 hours one week and you want to calculate your overtime wages for this time period. Use the following steps to calcul…
Calculating overtime pay for a salary with fixed hoursConsider that you earn $550 per week. While you expect to work 35 hours per week, you end up working 45 hours one week. To calculate your overtime pay using these fixed hours, use the following steps:
Calculating overtime pay for a salary with all hours workedNow assume you earned $600 per week and that your salary accounts for all of the hours you worked, regardless of how many hours you worked. Imagine you worked 60 hours one week and you want to calculate your overtime wages for this time period. Use the following steps to calcul…
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