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Bookmark or Share- Overtime Pay: What It Is and How To Calculate It | Indeed.comFor example, you earn $20 per hour and get time and a half for overtime pay, which brings your rate up to $30.If you worked 45 hours the first week of the pay period, you'd get overtime wages of $150 ($30 x 5) in addition to your usual $800 ($20 x 40) in regular wages. This means you earned a total of $950 during the first week.
- Overtime Pay | U.S. Department of LaborThe federal overtime provisions are contained in the Fair Labor Standards Act (FLSA). Unless exempt, employees covered by the Act must receive overtime pay for hours worked over 40 in a workweek at a rate not less than time and one-half their regular rates of pay.
- What the New Overtime Rule Means for WorkersStarting July 1, most salaried workers who earn less than $844 per week will become eligible for overtime pay under the final rule. And on Jan. 1, 2025, most salaried workers who make less than $1,128 per week will become eligible for overtime pay.
- Fact Sheet #23: Overtime Pay Requirements of the FLSAUnless specifically exempted, employees covered by the Act must receive overtime pay for hours worked in excess of 40 in a workweek at a rate not less than time and one-half their regular rates of pay.
- Overtime pay | USAGovOvertime pay. If you are eligible, the Fair Labor Standards Act gives you the right to earn overtime pay. The Department of Labor’s Wage and Hour Division enforces this right. Employers must pay overtime if: You are a covered nonexempt employee. You work more than 40 hours during a workweek.
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