Let's see if we need to pay our dishwasher any overtime. Our dishwasher is only paid $7.25 an hour (current minimum wage ) and worked 42 hours during the week. Since he worked over 40 hours we need to pay him for 2 hours at his overtime rate of pay.
- Overtime Rate - Now let's calculate his overtime rate.
Overtime Rate = 1.5 X Regular Rate
Overtime Rate = 1.5 X $7.25
Overtime Rate = $10.88
- Earnings Calculation - Now all we need to do is calculate the regular and overtime earnings and we've got it made.
Regular Earnings = Regular Hours X Regular Rate
Regular Earnings = 40 hours X $7.25
Regular Earnings = $290.00
Overtime Earnings = Overtime Hours X Overtime Rate
Overtime Earnings = 2 hours X $10.88
Overtime Earnings = $21.76
Total Earnings = Regular Earnings + Overtime Earnings
Total Earnings = $290.00 + 21.76
Total Earnings = $311.76
Total Earnings Paid For Week = $311.76