Hello all,
I have a question about overtime which I have to find on paystub since it is not on W2 box 14. I had couple different situation about its calculation and got lost.
So, if there are no pay rate and time of overtime but we see only annual pay of OT for example, person's W2 box 1 is 41,813.50 but overtime per paystub is 12,713.37 and regular is 27,046.13, how should I calculate overtime, because this number seems pretty high for that.
I also had different situation, total W2 box 1 is 48,993.16, overtime per paystub, 19,573.16, regular 27040 and here is vacation pay etc. person had 80 regular hrs. $13 per hr. and 40 - 19.50 per hr. during overtime bi-weekly. How it can be calculated?
Also, if OT is on W2 box 14, is that correct?
Thank you very much in advance.