Time and A Half Pay Calculator: Calculating Overtime & Holiday Pay

Many employers think that simply giving a worker a salary qualifies them for exemption, but that’s not the case. Calculate the time-and-a-half rate by multiplying the regular rate by 1.5. Calculating time-and-a-half pay involves multiplying base and premium rates by corresponding hours. You also need to account for other types of income that are subject to the time-and-a-half multiplier. Overall, it’s important to understand your wage for time and half pay, if you are eligible for time-and-a-half pay, and how to calculate your total wages. Overtime pay and time and a half pay can be similar in that they both involve compensation for extra hours worked.

• Under federal law, overtime is calculated on a weekly basis (hours over 40 in a workweek).
• Now that we’ve covered one of the most commonplace situations where overtime applies, let’s talk about one that doesn’t happen as often.
• Employees on an hourly salary will usually get time and a half if they work more than 40 hours a week; in some states, they’ll also get it when they work more than 8 hours in one day.
• If you are paid by the hour, you can calculate your time and a half rate by multiplying your hourly rate by 1.5.
• I’ve had salary positions for most of my adult life, so I haven’t been able to take advantage of overtime.

Time And A Half Calculator and About This Website:

This ensures you are compensated for all hours worked, both regular and overtime. Let’s go back to the example of Steve, who earns $20 an hour, or $30 when he gets time and a half. 8 x $30 gives us $240, so we add that to Steve’s base pay of $800.

State-Specific Overtime Laws

So, if someone usually earns $10 an hour, their time and a half rate would be $15 for each extra hour worked. Moreover, in California, you should be aware of assets = liabilities + equity the double-time vs. time-and-a-half rates. As we’ve already mentioned, employees who work more than 12 hours a day need to be compensated at a double rate for excess hours.

• To calculate the total pay for the pay period, add the standard weekly salary to the overtime wages.
• It can accurately record regular hours, overtime hours, and leaves which can be fed directly into the payroll system for salary calculations.
• Overtime pay at $22/hour is calculated by multiplying your regular hourly rate by 1.5, resulting in $33.00 per overtime hour.
• Finally, add their weekly salary to their overtime pay to get their gross weekly pay.
• Oyster is a global employment platform designed to enable visionary HR leaders to find, engage, pay, manage, develop, and take care of a thriving distributed workforce.
• If a worker is getting time-and-a-half for their overtime pay, they are receiving 50% more than their regular pay per hour.

Similar Overtime Pay Rates

The U.S. federal government stipulates that one of two conditions must be met in order for a salaried employee to receive overtime. There’s a bill being proposed called the No Tax on Overtime Act of 2025. This bill would remove taxes on overtime compensation, meaning putting in the extra hours at work could be even more valuable to you if it’s passed. You can use this as a work day calculator to add up work time in hours and minutes across days, a work week or a month.

Time-and-a-Half Calculator

If you are paid by the hour, you can calculate your double pay by multiplying your hourly rate by 2. When Jane gets time and a half, her hourly rate increases to $18 per hour (12 x 1.5) for the extra hours she works. This chart provides you with quick reference values for both the time and a half rate and time and a half pay for various standard hourly rates. Calculate overtime at 1.5 times your regular rate and determine your total income with overtime pay.

How To Use OysterLink’s Time and a Half Calculator

Add days, hours, minutes and seconds working from smallest unit of time to largest. Alex earns $240 for working a single holiday shift instead of the usual $160. This article will define what time and a half is and how to calculate it based https://magocs.com/full-form-of-grn-goods-received-note-meaning/ on hours worked.

• Use the “Copy Results” button to save your calculations for your records or to share with your employer.
• Once you have the standard hourly rate, calculate the time and a half rate by multiplying the standard rate by 1.5 (representing the “half” extra pay for overtime hours).
• A misclassified worker won’t be adequately compensated, as they won’t receive time-and-a-half pay for hours worked over 40.
• Our developers developed each calculator as well as resources one by one and also put every one via strict, thorough testing.
• This provision is designed to ensure fair compensation for overtime work under federal and state labor law.
• Salaried employees who make less than $1,128 per week or $58,656 annually are nonexempt, assuming they don’t work in any of the previously listed roles.

Keep in mind this was more than a decade ago, and the extra income really helped out paying off some of the student loan debt and offered a bit more breathing room. If you are paid by the hour, you can calculate your time and a half rate by multiplying your hourly rate by 1.5. For this part-time employee earning $12 per hour, their time and a half rate is $18 per hour, and they earned $90 for working 5 hours of overtime. Dividing this figure by the number of hours worked will yield the employee’s actual hourly rate for the week. However, the manager was away that week, and the employee handled 22 time and a half some of their duties, too. Whenever this happens, the employee’s contract states they receive a $30 bonus for their extra work.