The law establishes minimum wages requiring employers whose firms are involved in interstate commerce to pay employees time and one-half for all hours worked in excess of 40 hours per week. The act also provides that certain employees are exempt from the regulations
Common Pay Periods Description Frequency # of Paychecks Per Year Weekly Once per week 52 paychecks per year Bi-weekly Every 2 weeks 26 paychecks per year Semimonthly Twice a month (usually the 1 st and 15 th ) 24 paychecks per year Monthly Once a month 12 paychecks per year
To calculate your overtime wage simply multiply the number of hours worked that are over 40 by your 1.5 times your hourly wage. Add this number to the wage earnings for the straight time worked.
(total hrs. x hourly pay) + overtime hrs. (1.5 x hourly wage) = total wage
*This holds true until you reach the double time stage
This is something companies offer to employees that must work every day of the year (this includes holidays and Sundays). The compensation for those days could be in the form of double time.
To calculate: determine the hourly wage total and add it to the overtime total (if applicable) and then add these to the special double time hours (which should be listed separately) * *remember to find double time hours: multiply the hourly wage by 2 and then multiply by the hours work
Total Hourly + Total Overtime + Total Double Time = Total
Joe chose to resign at the local hardware shop and he has decided to work for PPL at $12.00 per hour. His regular working hours are from 5a.m.-4p.m. Monday through Saturday and is on call every other Sunday from 5a.m-11:30a.m. If during this week he actually is called in on Sunday (which is double time) how much will his weekly earnings total?
John received a raise at PPL after six months and now earns $12.50 per hour. His regular working hours are from 6:30p.m.-4:30a.m. Monday through Saturday and is on call every other Sunday from 5a.m.-1:30 p.m. If during this week he is called in on Sunday (which is double time) how much will his weekly earnings total?
John just received his check for the week which totaled $819.25. He wants to know if he was getting paid the old hourly wage of $12.00 or if his raise was applied. His total hours worked were: 40 hours straight time, 3 hours time and a half, and 6 hours double time.
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