20%
Your Overtime Earnings
Regular Pay
$1,000.00
Overtime Pay
$187.50
Gross Pay
$1,187.50
Tax Deduction
$237.50
Net Pay
$950.00
How Overtime Pay is Calculated
Regular Pay: Hourly Rate × Regular Hours
Overtime Pay: Hourly Rate × Overtime Multiplier × Overtime Hours
Gross Pay: Regular Pay + Overtime Pay
Tax Deduction: Gross Pay × (Tax Rate ÷ 100)
Net Pay: Gross Pay – Tax Deduction