i have 560.50 hours of overtime for last year. Can anyone help me with what the Overtime Premium would be?

need help trying to understand this

posted

The formula is Overtime Premium=Overtime Hours×(Hourly Rate×0.5). So, hypothetically, if you are paid $20 per hour, your overtime premium = 560.5 X $20 X .5 =$5605.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

@DaveF1006 not if they're paid 1.5 for overtime. Base $10/hour Overtime $5/hour. Total $15/hour. so overtine pay is only 1/3 not 1/2

I am an exempt and non-exempt employee. You Don't give that Option when doing Trumps tax free overtime!!! So your system doesn't work! $24,379.72 in OT pay & I'm screwed

in Get your taxes done using TurboTax

Expert does your taxes

Do it yourself

Resources

Support

i have 560.50 hours of overtime for last year. Can anyone help me with what the Overtime Premium would be?

i have 560.50 hours of overtime for last year. Can anyone help me with what the Overtime Premium would be?

i have 560.50 hours of overtime for last year. Can anyone help me with what the Overtime Premium would be?

Unlock tailored help options in your account.

Get more help

Do you have a TurboTax Online account?

i have 560.50 hours of overtime for last year. Can anyone help me with what the Overtime Premium would be?

Do you have an Intuit account?

i have 560.50 hours of overtime for last year. Can anyone help me with what the Overtime Premium would be?

i have 560.50 hours of overtime for last year. Can anyone help me with what the Overtime Premium would be?

Unlock tailored help options in your account.

Get more help

Related Content