Hourly Rate and Overtime Calculator







Definition

The hourly rate is the amount of money you earn per hour of work. It's calculated based on your annual, monthly, weekly, or daily salary divided by the number of hours you work per week. Overtime pay is additional pay for hours worked beyond the standard workweek hours, often calculated at a higher rate than the regular hourly wage.

Formulas

Time and a Half:

Double Time:

Triple Time:

Example

Let's assume the following numbers for the calculations:

Time and a Half Calculation: