To calculate your overtime pay rate, simply multiply your regular hourly wage by 1.5. This amount totals the rate you should receive for every hour worked over 40 in a single workweek. When calculating overtime pay, employees should also include bonuses and commissions.
Yes. Employees under the age of 20 may be paid $4.25 per hour during their initial 90 consecutive days of employment. After this time period, they must be paid at least $7.25 per hour.
Many workers believe that salaried employees cannot receive overtime. However, this is a common misconception throughout the working world. The fact that an employee is paid on a salary basis has no bearing on whether they are entitled to overtime pay. Eligibility for overtime pay depends on whether the worker falls into the “exempt” or “nonexempt” category.
To calculate your overtime pay rate, simply multiply your regular hourly wage by 1.5. This amount totals the rate you should receive for every hour worked over 40 in a single workweek. When calculating overtime pay, employees should also include bonuses and commissions.
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