02-23-2023, 07:44 PM
Overtime is a type of payment that an employee receives when they work more than the standard hours in their contract. It is usually calculated as time and one-half of their normal pay rate for any additional hours worked beyond the contracted amount. This means if you are paid $15 per hour, then your overtime rate would be $22.50 ($15 x 1.5). When using check stubs https://www.realcheckstubs.com/blog/paystub-generator/pay-stub-generator-with-overtime with overtime, these calculations will already be done for you so that all you need to do is enter in how many extra hours were worked and it will automatically calculate the total amount due to them including any applicable taxes or deductions related to this income.