Salary Calculator With Overtime
Calculate your total earnings including overtime pay
⏰ Regular Work Time
Your standard hourly wage
Standard is 40 hours
💪 Overtime
Standard is 1.5 (time and a half)
Extra hours beyond regular work
💰 Total Pay Summary
All Pay Periods
Example Calculation
Given Information
Regular Hourly Pay: $25.00 per hour
Regular Hours: 40 hours per week
Overtime Multiplier: 1.5× (time and a half)
Overtime Hours: 5 hours per week
Step-by-Step Calculation
1. Calculate Regular Pay:
Regular Pay = $25.00 × 40 hrs = $1,000.00
2. Calculate Overtime Hourly Pay:
Overtime Rate = $25.00 × 1.5 = $37.50/hr
3. Calculate Overtime Pay:
Overtime Pay = $37.50 × 5 hrs = $187.50
4. Calculate Total Pay:
Total = $1,000.00 + $187.50 = $1,187.50/week
Annual = $1,187.50 × 52 = $61,750.00/year
📐 Formulas
⚡ Common Overtime Rates
Most common is 1.5× (time and a half) for hours over 40/week
💡 Overtime Tips
Check if you're eligible for overtime pay
Federal law requires 1.5× for hours over 40/week
Some states have daily overtime rules (8hrs/day)
Salaried employees may be exempt from overtime
Track all hours worked for accurate pay
Understanding Overtime Pay
What Constitutes Overtime?
Overtime is additional work performed beyond regular working hours, typically set at 40 hours per week in many countries. This extra time is compensated at a higher rate, commonly at time-and-a-half (1.5× regular rate).
- •Federal Standard: 1.5× for hours over 40 per week
- •State Laws: Some states require daily overtime (over 8 hrs/day)
- •Eligibility: Not all employees qualify based on role and salary
How Overtime Impacts Your Income
Regular overtime can significantly increase your annual earnings and is an important factor in financial planning:
- •Higher Earnings: Overtime can boost income by 10-30%
- •Budget Planning: Factor overtime into monthly budgets
- •Tax Impact: Higher earnings may push you into higher tax brackets
- •Work-Life Balance: Consider the trade-off between time and money
⚠️ Important Considerations
💼 Real-World Example
Question: If you earn $50/hour and work 45 hours (with overtime multiplier of 2.0), what's your overtime hourly pay?
Calculation:
- • Regular Pay: 40 hours × $50 = $2,000
- • Overtime Rate: $50 × 2.0 = $100/hour
- • Overtime Pay: 5 hours × $100 = $500
- • Total Weekly Pay: $2,000 + $500 = $2,500
- • Annual with Overtime: $2,500 × 52 = $130,000
Without overtime: $50 × 40 × 52 = $104,000/year. The 5 hours of weekly overtime adds $26,000 to annual income!