How To Calculate Time And A Half Wages | Nara

In the US and plenty of different nations, there’s a customary work-week size, sometimes 40 hours on the job; if an employer desires an worker to work longer than 40 hours in a given week, they need to pay what is named “time and a half” wages.

Merely put, they obtain their regular wage throughout the first 40 hours of a piece week, however as soon as they attain 40 hours of labor, they begin receiving pay on the fee of time-and-a-half, or one-and-a-half instances their ordinary wage.

Suppose Sue, an workplace employee in Washington state, earns $15/hr, and works 55 hours in a given week. Washington requires firms to pay employees on the fee of “time and a half” in the event that they work greater than 40 hours in a given week. How a lot will Sue make this week?

We all know she works 55 hours; the primary 40 hours are calculated at her common wage of $15/hr, and the remaining 15 hours are calculated on the “time and a half” wage, ie: one and a half instances her ordinary $15/hr wage. We will pop this into the calculator: 15 instances 1.5 = $22.50. So for the ultimate 15 hours of her work week, Sue makes $22.50/hr.

So how a lot does she make in complete?

For her first 40 hours, she makes $15/hr: that is 40 instances 15, or $600.

For the final 15 hours, she makes $22.50/hr: that is 15 instances 22.50, or $337.50.

In complete, due to this fact, she makes $600 + $337.50, or $937.50.

Discover how the final 15 hours, Sue made practically two-thirds of the pay throughout her first 40 hours, so time-and-a-half actually does repay in Sue’s case.

Let’s undergo one other instance: suppose Invoice works as a machinist and earns $20/hr. If Invoice pulls in a 65 hour work week whereas his firm delivers a big order, how a lot will he earn that week?

Observe that Invoice works his first 40 hours on the fee of $20/hr, and the ultimate 25 hours on the time-and-a-half fee, 1.5 instances 20, or $30/hr.

So for the primary 40 hours, Invoice makes 40 instances 20 = $800.

And for the following 25 hours, Invoice makes 25 instances 30 = $750.

So in complete, Invoice makes $800+$750=$1550.

Once more – Invoice makes practically the identical quantity of pay in his 25 hours of time beyond regulation, as he did throughout his 40 hours of normal time work. That is why workers love time beyond regulation and executives hate it!



Source by Scott A McKinney

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