How to Calculate Overtime Pay
Using this comprehensive Overtime Calculator, employees and business owners can accurately estimate payroll costs. Whether you are calculating time and a half (1.5x) or double time (2.0x), this tool handles the math instantly.
Overtime Formula
The standard formula for calculating overtime pay under the FLSA (Fair Labor Standards Act) is:
For example, if your hourly rate is $20 and you work 5 hours of overtime:
$20 × 1.5 = $30 per OT hour.
$30 × 5 hours = $150 total overtime pay.
Frequently Asked Questions (FAQ)
1. How do I calculate Double Time?
Double time is calculated by multiplying your base hourly rate by 2. Select "2.0x (Double Time)" from the multiplier dropdown above to calculate this rate instantly.
2. Is overtime calculated daily or weekly?
It depends on your state or country laws. The federal rule in the US is based on a weekly limit of 40 hours. However, states like California require daily overtime for hours worked over 8 in a single day. This tool supports both Daily and Weekly rules.
3. How do I calculate my Net Pay?
Your Net Pay is your "take-home" money after taxes. Enter your estimated tax percentage in the "Tax Deduction" field to see your final Net Pay.