Paycheck Calculator with Overtime
Paycheck Calculator with Overtime: This calculator helps employees determine their total earnings including overtime pay. It automatically calculates time-and-a-half pay for hours worked beyond 40 hours per week, making it ideal for hourly workers to estimate their gross pay before deductions.
Installation
Simply save this HTML file and open it in any web browser. No additional installation required.
FAQs
1. How is overtime calculated?
Overtime is typically paid at 1.5 times the regular hourly rate for hours worked beyond 40 in a workweek. This calculator uses the standard time-and-a-half formula: (Regular Hours × Regular Rate) + (Overtime Hours × 1.5 × Regular Rate).
2. Are overtime calculations the same in all states?
While federal law mandates 1.5× pay after 40 hours, some states have different rules. This calculator uses federal standards. Check your state's labor laws for specific regulations regarding daily overtime or alternative calculations.
3. Does this include taxes?
No, this calculator shows gross pay before deductions. Actual take-home pay will be lower after subtracting taxes, insurance, and other withholdings.
4. What if I worked exactly 40 hours?
If you worked exactly 40 hours, you'll receive regular pay without overtime. The calculator will show (40 × Hourly Rate) as total earnings.
5. Can I use this for double overtime?
This calculator only calculates standard overtime (1.5×). For double time (2× pay), you'd need to manually calculate those hours separately and add to the total.