Easily Remove Calculations in the Overtime Authorization Form

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How to Remove Calculations in the Overtime Authorization Form

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hello and welcome back to tips and time-savers Im Danny rocks todays lesson is in response to a viewer who wrote asking for my help in calculating standard hours work overtime hours work and then how to calculate the payment for standard and overtime rates well the viewer is not alone in expressing frustration when doing time calculations in Excel getting the format correct is the key so over here Ive created a simple little time chart Ive used the labels for the day of the week and over here I have a cell entry for when the employee clocked in to begin work for the day when they clocked out in order to go to lunch when they returned from lunch this is the cell reference and when they ended their workday thats the cell reference so calculating the number of hours worth in the days a fairly standard a calculation equals and then inside left and right parentheses we want to have the result of the hour when they clocked out for lunch - or subtracting the hour when they began work fo

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Should commissions be included in overtime calculation?

Commission: Because commission payments are considered payment for hours worked, they must be included in an employees regular rate of pay when calculating overtime compensation owed. This is the case regardless of whether the employee is paid on a commission-only basis, paid a salary, or paid an hourly wage.

What should be included in overtime calculation?

Under the FLSA, overtime pay is determined by multiplying the employees straight time rate of pay by all overtime hours worked PLUS one-half of the employees hourly regular rate of pay times all overtime hours worked. All overtime work that is ordered or approved must be compensated.

How do you calculate bonus into regular rate of pay?

For example, a $12 hourly rate will bring, for an employee who works 46 hours, and receives a production bonus of $46 for the week, a new regular rate of pay of $13 an hour (46 hours at $12 yields $552; the addition of the $46 bonus makes a total of $598; this total divided by 46 hours yields a regular rate of $13).

How to calculate bonuses into a regular rate of pay for overtime purposes?

Heres how wed calculate: Calculate the straight time compensation: Hours x Rate of Pay + Bonus. Then, calculate the new regular rate of pay: $530 / 48 hours = $11.04/hr. Next, calculate the new overtime rate of pay: $11.04 x 1.5 = $16.56/hr. Finally, calculate the total earnings: 40 straight time hours x $11.04 = $441.60.

How is a nondiscretionary bonus calculated?

Non-Discretionary Flat-Sum Bonus Overtime Pay To calculate the additional overtime owed to an employee who earns a non-discretionary flat-sum bonus the employer must divide the employees bonus by the number of non-overtime hours worked by the employee within the bonus period.

Do bonuses count towards overtime?

If the bonus is discretionary, the amount should not be factored into overtime calculations. However, under the Fair Labor Standards Act, nondiscretionary bonuses must be included in nonexempt employees overtime pay calculations for the period of time that the bonus covers.

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