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Worksheet 34 gross pay with overtime answers 2025

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The document is a worksheet designed for calculating gross pay, including regular and overtime hours. It provides a structured format for recording total hours worked, regular and overtime hours, hourly rates, and the resulting amounts for regular pay, overtime pay, and total gross pay. An example scenario involving an employee named Anita illustrates how to apply these calculations based on her work schedule.

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Click ‘Get Form’ to open it in the editor.
Begin by entering your name in the designated field at the top of the form.
Input the total number of hours worked in the 'Total # of Hours Worked' section.
Specify the number of regular hours and overtime hours in their respective fields.
Enter your hourly rate for regular hours and overtime hours accordingly.
Calculate your amount of regular pay by multiplying regular hours by the hourly rate for regular hours.
For overtime pay, multiply the number of overtime hours by the hourly rate for overtime.
Finally, sum both amounts to determine your total gross pay and enter it in the appropriate field.

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What is the formula to calculate gross pay?

To calculate gross pay for hourly workers, multiply the hourly rate by the hours worked during a pay period. For example, a part-time employee who works 35 hours at $12 per hour will have a gross pay of $420. Overtime rates must also be accounted for, if applicable.

What is the formula for calculating overtime pay?

What is the formula to calculate overtime pay? According to the FLSA, the formula for calculating overtime pay is the nonexempt employees regular rate of pay x 1.5 x overtime hours worked. This calculation may differ in states that have requirements, such as double time, which are more favorable to the employee.

How to compute gross pay with overtime?

Multiply the number of hours worked by the hourly wage. If there is overtime, multiply the number of overtime hours worked by the overtime pay rate. Add regular pay and overtime pay together to find the gross pay for that pay period .

How is overtime calculated into gross pay?

Then, you can use the formula =IF(Hours40,(40*Regular Pay Rate)+((Hours-40)*Overtime Pay Rate), Hours*Regular Pay Rate) to calculate the overtime pay. This formula checks if the number of hours worked is greater than 40. If it is, it calculates the overtime pay based on the overtime pay rate.

How to calculate gross pay with overtime in Excel?

Textbook Expert-Verified⬈(opens in a new tab) The gross pay for the employee, who worked 40 regular hours and 3 overtime hours at a rate of $12.30 per hour, totals $547.35. This includes $492 for regular hours and $55.35 for overtime hours. The correct answer is D.

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What is the gross pay for an employee who has worked 40 regular and 3 overtime hours at a regular pay rate of $12.30 per hour?

Computation of Overtime Pay Step 1: Determine the employees hourly rate. Step 2: To get the hourly overtime pay, compute for 25% of the hourly rate or a total of 125%. Step 3: Multiply the overtime hourly rate against the hours worked (e.g. 2 hours).

Does overtime count as gross pay?

The majority of an employees gross wages typically consists of their base pay, such as salary, hourly pay, or tips (for tip-based workers). Additions to gross wages may also include, but arent limited to: Shift-differential pay. Overtime.