Ok, well it is known that in my company if you work over 40 hours in one week, then you receive overtime pay. However, I just heard that it changed, and that you only receive overtime if you work more than 8 hours in a day. If you work 12 hours in one day, then 4 of those are overtime hours, even if you don't end up working 40 hours in that week.
Well, my question is..this week I worked about 63 hours. Is it the same overtime pay if the policy is either 1) anything over 40 hours a wk is overtime or 2)anything over 8hrs a day, even if not a 40hr week ?
I am confusing myself to death trying to figure out this problem which I am sure you will all answer so easily.
2007-12-22 19:37:40 · 11 answers · asked by mrr86 5 in Business & Finance ➔ Personal Finance
I am asking you guys because this is not an opinion question, this is a question with a factual answer that I am just having trouble figuring out.
2007-12-22 19:42:57 · update #1
calculate like this if over 40 is overtime
40 hours x rate of pay
23 overtime hours x (rate of pay X1.5)
Add the two figures.
If over 8 is overtime and 63/5=12.6 then 4.6 x 5 = 63. You would calculate it the same way per day so it would be the same at the end of the week. Use the example above and just plug in your rate of pay.
2007-12-22 19:44:47 · answer #1 · answered by Anonymous · 2⤊ 0⤋
First thing that matters are the employment laws in your state. In California, they wouldn't allow them not paying overtime for over 40 hours in a week.
The next thing, assuming that only paying overtime for over 8 hours in a day and not over 40 is legal, is looking at how many days in the week you worked (assuming it's legal not to pay overtime for 7 days worked in a row)
So, if you work 5 days a week and it comes to 63 hours then it's probably 23 hours overtime either way (unless you worked 16 hours one day and few another day, in which case you will be getting more overtime with the new daily method), but if you work 6 or 7 days, then you could be getting less overtime, because there's not the 40 hour limit and you have another day, so you could work 48 or 56 hours with no overtime.
2007-12-22 19:53:11 · answer #2 · answered by the Boss 7 · 0⤊ 0⤋
I wouldn't stress about it. anything over 40 hours should be considered overtime. If you work a couple of 12 hr days but still don't make it over 40, you shouldn't get overtime. if you worked 63 hrs you should get 13 hours of overtime on your check. I don't know how labor laws are in your state if any different, I live in TX and that is how it is here. The company I work at has part time employees that work 3 10 hour days and they receive straight pay. I hope they're not getting the shaft, I doubt it though. I'd definitely ask someone in payroll.
2007-12-22 19:43:12 · answer #3 · answered by rorybellows 4 · 0⤊ 1⤋
The federal requirement is that if you work over 40 hours in a calendar week (the employer can determine the days but they have to be consistent), you must receive 1.5 times your daily pay. (This is assuming that you are an hourly paid employee, not a member of management, and are not commissioned based).
The number of hours you work in a single day (assuming you are talking about federal requirements - it might differ by state) is irrelevant. For example, some people are scheduled to work four 10 hour days instead of five 8 hour days. Other people get scheduled to work three 12 hour shifts.
40 hours is the magic number but remember it is in a calendar week. If your employer regularly says that Thursday through Wednesday equals a week, they can do that as long as they're consistent with it.
2007-12-22 23:12:22 · answer #4 · answered by Joe 3 · 0⤊ 0⤋
Last time I checked 63 minus 40 equals 23 not 13 as some believe. Anything over 40 is overtime. So you will get paid for 23 hours over. However the IRS will love you at 42.5 percent taxation for the 23 overtime hours. Just their way of saying merry christmas.
2007-12-22 23:46:17 · answer #5 · answered by David G 3 · 0⤊ 0⤋
I get paid this way. It works like this you get regular pay for 8 hours than when you reach 40 you get time and 1/2. for the 4 hours a day you get time and 1/2 so if you make 10 an hour you would get 745 for the 63 hours you just worked. (8*5)*10=400, (4*5)*15=300, 3*15=45 .
2007-12-22 19:53:17 · answer #6 · answered by J. M. 2 · 0⤊ 0⤋
yes..it is the same...as long as they dont change how much they'll pay you an hour or ur salary it will remain the same..
now,with this new policy you will probably be more satisfied because before you had to work more than 40 hours a week to receive overtime pay, now it wont matter if u miss one day, if the next day you work more than eight hours they will pay you overtime hours!!!
2007-12-22 19:48:14 · answer #7 · answered by celi$13 1 · 0⤊ 0⤋
same answer
Anything over 8 hours a day OR 40 hours a week gets time and a half. But remember, this puts you in a higher tax bracket so more will be taken out.
2007-12-22 19:42:12 · answer #8 · answered by Bill P 5 · 0⤊ 0⤋
It all depends if you worked at least 8 hours everyday during the week. Because if you have, then it is the same.
2007-12-22 19:42:37 · answer #9 · answered by ? 2 · 1⤊ 0⤋
Why not consult the HR Department? They will definitely know the answer to your question.
2007-12-22 19:46:39 · answer #10 · answered by Sustagurl2 7 · 0⤊ 1⤋