What does this tool do?
Overtime is usually paid at a multiple of the regular rate, such as 1.5×. This calculator combines regular and overtime hours into weekly and annual gross pay.
The Formula
Overtime pay = Hourly rate × Multiplier × Overtime hours × WeeksFrequently Asked Questions
Is overtime always 1.5×?
No. Multipliers depend on the contract, industry and local law. Some employers use 2× for weekends or public holidays.
Are overtime earnings taxed more?
Overtime is generally taxed as ordinary income. Withholding can look higher in a given week, but the annual rate depends on total income.