Overtime Calculator
Instantly calculate your total gross pay including overtime with our easy-to-use calculator. Perfect for employees and employers, this tool helps you understand your earnings by breaking down regular and overtime pay based on your hourly rate and hours worked. Simply enter your details to see your full pay breakdown. Explore more tools on free calculators on CalculatorBolt.
Calculate Gross Pay
How It Works
The calculator first separates your total hours worked into regular hours and overtime hours based on the threshold you provide (commonly 40 hours per week). It then calculates your regular pay for the standard hours and your overtime pay by applying the overtime multiplier (e.g., 1.5x for 'time and a half') to your hourly rate for any extra hours worked.
Inputs Explained
- Pay Rate: Your standard hourly wage before any overtime is applied.
- Total Hours Worked: The total number of hours you worked in the pay period.
- Overtime Threshold: The number of hours after which overtime rates apply. This is legally defined and can vary.
- Overtime Multiplier: The factor your pay rate is multiplied by for overtime hours. 'Time and a half' is 1.5x.
Example
An employee with a $20/hour rate works 45 hours in a week with a 40-hour threshold and a 1.5x multiplier. They earn $800 for 40 regular hours and $150 for 5 overtime hours, for a total gross pay of $950 for the week.
Tips & Notes
- Overtime laws vary by state, country, and job type. Some jobs have different thresholds or exemptions.
- 'Double time' (2.0x multiplier) is often reserved for holidays or working over a certain number of hours.
- This calculator calculates gross pay. It does not account for taxes or other deductions.