2007-08-25 19:39:30 · 3 answers · asked by jleslw 1 in Business & Finance ➔ Taxes ➔ United States
It depends on what state you live in. In California, overtime is paid at time and a half, so you would take your hourly rate and multiply it by 1.5.
If you made $10 in hourly pay, your overtime rate would be $15 an hour.
2007-08-25 19:45:09 · answer #1 · answered by Andi 6 · 1⤊ 0⤋
By federal law (not just state laws) it's time and a half for jobs covered by the federal overtime laws - most non-supervisory jobs are covered. So it's 1-1/2 times your normal hourly rate.
2007-08-26 10:47:51 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
Annual salary / divided by hrs per annum
I.e. 52 weeks x 40 hrs a week = 2,080 hrs per annum
Dived 2,080 into ur annual salary = basic hrly rate
cap it by 50%. = xxxx. Standard O/Time rate.
Saturdays / Sundays / Bank Holidays etc attracting an enhanced % i.e. double or trebble time.
Periods such as Xmas / New Year negotiate a lump sum deal.
2007-08-26 03:10:26 · answer #3 · answered by Anonymous · 0⤊ 0⤋