Overtime Calculator
Calculate your total monthly pay including overtime to see exactly how much extra income you'll earn.
How Overtime Calculator Works
This calculator helps you determine your complete monthly earnings when you work overtime hours. It starts with your regular hourly wage and weekly hours to calculate your base monthly pay, then adds overtime compensation for any extra hours you work beyond your standard schedule.
Overtime pay is typically calculated at 1.5 times your regular hourly rate (time-and-a-half) under federal labor laws. The calculator multiplies your overtime hours by this premium rate to show your additional monthly income from working extra time.
The tool is especially useful for hourly workers who want to budget their finances, evaluate whether overtime shifts are worth it financially, or plan for months with varying work schedules. It gives you a clear picture of how overtime hours translate into actual take-home pay.
Overtime Calculator Formula Breakdown
Formula
Total Monthly Pay = (Regular hourly wage × Regular weekly hours × 4.345) + (Regular hourly wage × Overtime multiplier × Monthly overtime hours)Variables Explained
- Regular payYour standard hourly wage before any overtime premiums. This is the base rate you earn for your first 40 hours of work each week, as shown on your pay stub or employment contract.
- Regular work timeThe number of hours you typically work per week during regular time. For most full-time employees, this is 40 hours per week, but part-time workers would use their actual scheduled weekly hours.
- Overtime multiplierThe rate at which overtime hours are paid compared to regular hours. In the US, this is typically 1.5 (time-and-a-half) for hours over 40 per week, though some states or employers may offer higher rates.
- Overtime hours worked per monthThe total number of overtime hours you work in a typical month. This includes any hours beyond your regular weekly schedule that qualify for overtime pay under your employer's policies.
Example Calculation
Given:
- Regular pay: $20.00 per hour
- Regular work time: 40 hours per week
- Overtime multiplier: 1.5
- Overtime hours worked per month: 3 hours per month
Calculation:
Regular monthly pay: $20.00 × 40 × 4.345 = $3,476.00
Overtime rate: $20.00 × 1.5 = $30.00 per hour
Total overtime pay: $30.00 × 3 = $90.00 per month
Total monthly pay: $3,476.00 + $90.00 = $3,566.00Result:
$3,566.00 per monthExplanation
This example shows a full-time employee earning $20 per hour who works 3 overtime hours each month. The overtime premium adds $90 to their monthly income, bringing their total from $3,476 to $3,566.
Tips for Using Overtime Calculator
- 💡Remember that overtime eligibility typically kicks in after 40 hours per week, not per pay period, so track your weekly hours carefully.
- 💡Some employers may have different overtime policies for holidays or weekends, so check your employee handbook for specific rules.
- 💡Consider the tax impact of overtime pay, as it may push you into a higher tax bracket and affect your take-home percentage.
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