ALLMARKETS / THE TOOL DESK

Overtime Pay Calculator

Model gross pay using your chosen weekly threshold and premium multiplier.

Your inputs

Use consistent units and periods. Defaults are examples.

Your result

Check the assumptions below before relying on a result.

Formula and method

Regular hours = min(total hours, threshold). Premium hours = max(0, total − threshold). Gross = regular hours × rate + premium hours × rate × multiplier.

Worked example

At 45 hours, a 40-hour threshold, base rate 20 and multiplier 1.5, regular pay is 800 and premium pay is 150, totaling 950.

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