Employers use this form to establish a production bonus pay program for non-exempt employees when a labor budget is assigned to the job.
Work Hours And Overtime Calculator
State:
California
Control #:
CA-JM-0056
Format:
Word
Instant download
Description
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How to fill out California Production Bonus Pay Agreement For Construction?
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FAQ
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.
The standard overtime rate is 1.5 times the employee's regular hourly wage. This number is also commonly known as ?time-and-a-half.? So if one employee makes $15 per hour, their overtime rate is $22.50 per hour ($15 x 1.5). If another employee makes $25 per hour, their overtime rate is $37.50 per hour ($25 x 1.5).
This means if your regular hourly rate is $9.00, and you work 50 hours during a given workweek, you should be receiving $135.00 in overtime pay that week ($9.00 x 1.5 = $13.50 x 10 OT hours = $135.00). Keep in mind, that is in addition to the 40 hours of regular wages.
How to calculate hours worked Step 1: Determine start and end time. Simple as that. ... Step 2: Convert time to military time. ... Step 3: Subtract start time from end time. ... Step 4: Subtract unpaid breaks. ... Step 5: Convert to decimal format. ... Step 6: Add up total hours for pay period.
Determine the employee's regular hourly rate. Compute the NSD rate by adding 10% of the regular hourly rate to the regular hourly rate. Multiply the NSD rate by 1.25 to get the overtime rate for work performed in excess of 8 hours. Multiply the overtime rate by the number of overtime hours worked.