HomeWHATWhat Is Time And A Half For $23 An Hour

What Is Time And A Half For $23 An Hour

Calculate your time and a half overtime rate using our overtime calculator below. Optionally enter the hours worked to calculate your time and a half pay.

How to Calculate Time and a Half Pay

Any employee eligible for overtime will most likely receive time and a half pay for each hour of overtime worked. Overtime is generally considered the hours worked in excess of 40 hours per week, and those hours are often paid at time and a half.

To calculate time and a half pay, you’ll need to use a formula.

Time and a Half Formula

Time and a half pay can be calculated using the formula below.

time and a half pay = hourly wage × 1.5 × overtime hours worked

So, your time and a half pay is equal to your hourly wage multiplied by 1.5 multiplied by the hours of overtime you worked.

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Time and a Half vs. Double-Time

If a worker is getting time and a half for their overtime pay, they are receiving 50% more than their regular pay per hour. An employee earning double-time will receive twice the hourly rate they receive for their normal rate.

In the time and a half formula above, the difference is found in the middle term, which is the overtime multiplier. For time and a half, the overtime multiplier is 1.5, and for double-time overtime pay, it is 2.

Overtime Pay Formula

The overtime pay formula is a more generic version of the time and a half pay formula and can be found here:

overtime pay = hourly wage × overtime multiplier × overtime hours worked

Thus, overtime pay is equal to the hourly wage multiplied by the multiplier, then multiplied by the hours of overtime worked. Instead of having 1.5 as the overtime multiplier, this formula allows for any overtime multiplier.

If you are paid a salary and are eligible for overtime pay, you can calculate your hourly wage to use in this formula using our salary to hourly calculator.

Time and a Half Pay Chart

The chart below shows the time and a half pay rates for common hourly wages.

Time and a half for various hourly rates Standard Hourly Pay Time and a Half Pay $10 $15.00 $11 $16.50 $12 $18.00 $13 $19.50 $14 $21.00 $15 $22.50 $16 $24.00 $17 $25.50 $18 $27.00 $19 $28.50 $20 $30.00 $21 $31.50 $22 $33.00 $23 $34.50 $24 $36.00 $25 $37.50 $30 $45.00 $35 $52.50 $40 $60.00

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Frequently Asked Questions

Do salary employees get time and a half?

Do you get time and a half or double pay on a holiday?

Does overtime stack with holiday pay?

Are employees paid by the day eligible for time and a half?

Do commissions earn time and a half for overtime?

Overall, it’s important to understand your wage for time and half pay, if you are eligible for time and a half pay, and how to calculate your total wages.

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