See what a long week is worth before you agree to the extra shift.
Total for the week
| Regular pay | $800.00 |
|---|---|
| Overtime pay | $300.00 |
| Total | $1,100.00 |
Before taxes. Overtime adds 38% to a regular week.
Overtime pay = hourly rate × multiplier × overtime hours
At $20 an hour, time and a half is $30. Ten overtime hours add $300, so a 50-hour week pays $1,100 instead of $800.
Salaried employees can also qualify for overtime if they are classified as non-exempt, so check your offer letter or ask HR how you are classified.
Under the federal Fair Labor Standards Act, non-exempt employees earn at least 1.5 times their regular rate for hours over 40 in a workweek. Multiply your hourly rate by 1.5 to get the overtime rate, then by the overtime hours.
Double time is 2 times the regular rate. Federal law doesn't require it, but some states (California, for example, for hours over 12 in a day) and many union contracts do.
Overtime is taxed as regular wages. A bigger check can look heavily taxed because withholding is figured as if every check were that large, but your annual tax is based on your total income.