Finance

Overtime Pay Calculator (1.5x and 2x)

Work out overtime pay from an hourly rate or an annual salary. You set the multiplier and the weekly threshold, and it projects the annual total.

How to use
  1. Enter your hourly rate, or an annual salary to derive the rate.
  2. Set the overtime multiplier, 1.5x for FLSA or 2x for double time.
  3. Set the weekly threshold, usually 40 hours.
Hours
Total weekly pay
$1,040.00

Base $20.00/hr · OT rate $30.00/hr (1.5×)

OT hours
8 h
Overtime pay
$240.00
Annual pay (52 wk)
$54,080.00
Effective rate
$21.67/hr
Estimates for general information, not financial advice. Confirm figures before making money decisions.
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How it's calculated

weekly pay = rate × reg hrs + (rate × mult) × OT hrs

reg hrs = min(hours, threshold), OT hrs = hours − threshold; salaried rate = salary ÷ (40 × 52); annual = weekly × 52. Default threshold 40 h, mult 1.5.

Common questions

What is the federal overtime rate?

Under the FLSA, non-exempt workers earn 1.5 times their regular rate for hours over 40 in a week.

When does double time apply?

Double time (2x) is not federally required but appears in some state laws and union contracts for very long days or holidays.