How overtime pay is estimated
Regular pay = hourly rate x regular hours. Overtime pay = hourly rate x overtime hours x overtime multiplier.
The default multiplier is 1.5, but overtime rules can vary by job type, regular-rate calculation, policy, agreement, and location.
Example overtime calculation
If your hourly rate is $25, regular hours are 40, overtime hours are 5, and the multiplier is 1.5, regular pay is $1,000 and overtime pay is $187.50.
Total estimated gross pay is $1,187.50 before taxes, deductions, premiums, or payroll adjustments.