Any Pay Rate With Overtime
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How to fill out Assignment Of Certificate Of Deposit Agreement?
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FAQ
Ing to the FLSA, the formula for calculating overtime pay is the nonexempt employee's regular rate of pay x 1.5 x overtime hours worked.
If the employee worked 45 hours and their hourly wage is $18. $18 multiplied by 1.5 equals $27. Multiply $27 by 5 (the number of overtime hours), which equals $135 - the amount you owe them for overtime. Multiply $18 by 40, which equals $720 ? the amount you owe them for the standard workweek.
Overtime is when you pay your employees 1.5 times their normal rate, while double time is when you pay your employees twice their normal rate. For instance, if an employee regularly earns $17, their overtime rate is $25.5 per hour, while their double time rate is $34 per hour.
Ing to the FLSA, the formula for calculating overtime pay is the nonexempt employee's regular rate of pay x 1.5 x overtime hours worked.
To find out what time and a half is for $17 per hour, you can multiply your hourly wage by 1.5. Time and a half is $25.50 per hour for $17 per hour.