Overtime Pay Calculator Formula
Understand the math behind the overtime pay calculator. Each variable explained with a worked example.
Formulas Used
Regular Pay
regular_pay = hourly_rate * regular_hoursOvertime Pay
overtime_pay = ot_rate * overtime_hoursTotal Weekly Pay
total_pay = hourly_rate * regular_hours + ot_rate * overtime_hoursVariables
| Variable | Description | Default |
|---|---|---|
hourly_rate | Hourly Rate(USD/hr) | 22 |
regular_hours | Regular Hours(hrs) | 40 |
overtime_hours | Overtime Hours(hrs) | 10 |
ot_multiplier | OT Multiplier | 1.5 |
ot_rate | Derived value= hourly_rate * ot_multiplier | calculated |
How It Works
How Overtime Pay Is Calculated
Overtime pay applies to hours worked beyond the standard threshold (usually 40 hours/week). The overtime rate is typically 1.5x the regular hourly rate.
Formula
Total = (Regular Hours x Hourly Rate) + (OT Hours x Hourly Rate x OT Multiplier)
Worked Example
You earn $22/hr, work 40 regular hours and 10 overtime hours at 1.5x.
hourly_rate = 22regular_hours = 40overtime_hours = 10ot_multiplier = 1.5
- 01Regular pay = $22 x 40 = $880.00
- 02OT rate = $22 x 1.5 = $33.00
- 03Overtime pay = $33 x 10 = $330.00
- 04Total weekly pay = $880 + $330 = $1,210.00
Ready to run the numbers?
Open Overtime Pay Calculator