FinanceCalc

Overtime Calculator

Calculate your overtime pay at 1.5x or 2x rates. See total weekly, monthly, and annual earnings including overtime.

Total Weekly Pay
$1,375.00

Regular Pay

Hours40 hrs
Rate$25.00/hr
Weekly$1,000.00

Overtime Pay (1.5x)

Hours10 hrs
Rate$37.50/hr
Weekly$375.00
Weekly Total
$1,375.00
Monthly
$5,958.33
Annual
$71,500.00
Effective Hourly
$27.50

How Overtime Pay Works

Under the Fair Labor Standards Act (FLSA), non-exempt employees must receive overtime pay for hours worked beyond 40 in a workweek. The standard overtime rate is 1.5 times the regular hourly rate (time and a half).

Frequently Asked Questions

What is overtime pay?

Overtime pay is additional compensation for hours worked beyond the standard 40-hour workweek. Under the Fair Labor Standards Act (FLSA), non-exempt employees must receive at least 1.5 times their regular rate for overtime hours.

When does overtime start?

Overtime typically begins after 40 hours of work in a week. Some states (like California) also require overtime after 8 hours in a single day. Check your state labor laws for specific rules.

What is time and a half?

Time and a half means 1.5 times your regular hourly rate. If you earn $25/hour, your overtime rate is $37.50/hour. Double time (2x) would be $50/hour.

Do salaried employees get overtime?

Most salaried employees classified as "exempt" under FLSA do not receive overtime. However, salaried employees earning below a certain threshold ($684/week as of 2024) may be eligible for overtime pay.

Disclaimer

This calculator is for informational purposes only and should not be considered financial advice. Consult with a qualified financial professional before making any financial decisions.