Finance

Overtime Pay Calculator

Find total pay including overtime.

Hourly rate ($)

Regular hours

Overtime hours

OT multiplier (x)

Calculated Output

Total pay ($) 950

Overtime pay ($) 150

Formula: total = rate × regular + rate × multiplier × OT

Step-by-Step Breakdown

1. Values used:

2. Hourly rate = 20 $

3. Regular hours = 40

4. Overtime hours = 5

5. OT multiplier = 1.5 x

7. Total pay = 950$

8. Overtime pay = 150$

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The math behind it

total = rate × regular hours + rate × multiplier × overtime hours (often 1.5x).

$20 × 40 + $20 × 1.5 × 5 → $950.

Double time?

Set the multiplier to 2.