Note that my expertise is in creating online calculators, not necessarily in all of the subject areas they cover. While I do research each calculator’s subject prior to creating and upgrading them, because I don’t work in those fields on a regular basis, I eventually forget what I learned during my research. So if you have a question about the calculator’s subject, please seek out the help of someone who is an expert in the subject. If you would like to save the current entries to the secure online database, tap or click on the Data tab, select “New Data Record”, give the data record a name, then tap or click the Save button.
Who determines your rate of pay?
The federal government has not introduced any legislature on the subject of holiday pay. If you work Saturdays, Sundays, or holidays, you’re not legallyentitled to any special pay. Despite the lack of any legal requirement, holiday pay is commonly offered by most employers, to incentivize workers and keepthem happy. If you receive an hourly wage of $17 per hour, your time and a half overtime pay will equate to $25.50 per hour ($17 × 1.5). To calculate your overtime rate of pay, you convert the overtime description into a decimal number and multiply your regular rate of pay by the decimal multiplier. Finally, the calculator will even estimate your total annual overtime wages based on the number of OT hours you work per pay period, and on your pay period type.
What overtime is, how to calculate it, and how can you double it.
- If it’s not filled in, please enter the title of the calculator as listed at the top of the page.
- If no hours were entered in the top section of the calculator the field will return N/A (not applicable).
- The federal government has not introduced any legislature on the subject of holiday pay.
- 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 morethan 8 hours in one day.
- Otherwise, if you are only interested in the overtime rate of pay, leave the field blank.
- If your regular hourly rate is $12.00, and you’re paid time and a half for overtime, your overtime rate would be $18.00 ($12.00 x 1.50).
If you would like the calculator to calculate how much you would earn annually in overtime wages if you worked a given number of overtime hours each pay period, select your pay period. This is your gross overtime wages for the number of hours entered above, multiplied by the number of payroll periods in the year. If no hours were entered in the top section of the calculator the field will return N/A (not applicable). Overtime pay at $13/hour is calculated by multiplying your regular hourly rate by 1.5, resulting in $19.50 per overtime hour. The Time and a Half Pay Calculator helps you calculate your earnings for overtime hours worked at a rate of time and a half.
Calculator Fields, Terms, and Definitions
Clicking the “Reset” button will restore the calculator to its default settings. Click the Terms tab above for a more detailed description of each entry. Follow me on any of the social media sites below and be among the first to get a sneak peek at the newest and coolest calculators that are being added or updated each month. I promise not to share your email address with anyone, and will only use it to send the monthly update.
If you would like the overtime calculator to calculate the gross overtime wages for a number of overtime hours worked, enter the number of hours on this line. Otherwise, if you are only interested in the overtime rate of pay, leave the field blank. Plus, this overtime and holiday pay rate calculator will calculate the total gross overtime wages for a given number of OT or holiday hours worked. So if you want to know how much OT or holiday pay you will receive, enter the number of hours and the calculator will instantly calculate it for you. This is time and a half for 13 an hour your regular hourly rate of pay multiplied the by the overtime multiplier entered above. Your employer is required by federal law (Fair Labor Standards Act) to pay time and a half wages (regular hourly rate x 1.5) for all hours worked beyond 40 hours per week.
Explore overtime pay for common hourly wages in this salary range. In the public sector, employees are given 13 annual national holidays off, with pay. Every company can set itsown holiday policy, but there are some common https://www.bookstime.com/ trends. Although there’s no federal requirement to offer overtime pay on national holidays, most private sectorcompanies either give their employees time and a half, or the day off with pay. To add to the confusion, things are different in Massachusetts and Rhode Island, the only two states that oblige private employers to give paid time off onfederal holidays.
Overtime Pay for Similar Hourly Wages
If your multiplier option is not available in the drop down list, select Other and enter the multiplier. Use our overtime calculator to see how your earnings change with various overtime hours at $13/hour. Find overtime calculations for hourly rates similar to $13. In retail, employees require a police permit and state approval to work on Christmas, Columbus Day,Thanksgiving, and Veteran’s Day. No permit is required to work on New Year’s Day, Labor Day, Memorial Day, or Columbus Day, How to Invoice as a Freelancer but workers must be paidtime and a half. However, retail workers have the right to refuse to work these holidays.