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Math Help - Need formula to figure pay rate

  1. #1
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    Need formula to figure pay rate

    so i get overtime at a rate of 1.5x hourly rate after 40 hours. i work 61.50 hours and get paid x amount of dollars one week. the next week instead of a pay rate raise, my employer pays me an extra $52. how do i figure out how much my hourly rate raises after adding the $52 into my gross pay?
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  2. #2
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    Re: Need formula to figure pay rate

    Hello topset,
    How many hrs overtime do you get each week and what is your base rate ?
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  3. #3
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    Re: Need formula to figure pay rate

    hrs of ot vary, base rate is $22...
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  4. #4
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    Re: Need formula to figure pay rate

    Per your example you are not getting a 1.5 OT rate

    40hrs @ 22/hr = $880
    21.5 hrs @ 33/hr = 709.50 ( you get 52 )

    Google overtime US Dept of Labor

    Extra pay for working weekends and nights is a matter of agreement between employer and employee
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  5. #5
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    Re: Need formula to figure pay rate

    i meant i received $52 on top of that. i grossed 1589.50 for those hours worked. i m trying to figure out how that raises my hourly rate.

    in other words johnny grossed 1589.50 for 61.50 hours. 21.50 of those hours were paid at 1.5x the hourly rate. 40 hours were paid at the hourly rate. what is johnny's hourly rate?
    Last edited by topset; December 7th 2011 at 02:05 PM.
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  6. #6
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    Re: Need formula to figure pay rate

    johnny's hourly rate is$22 /hr.Pay per week varies based on OT hrs so he gets premiums for this.In the example he gets $1641.50 for 61.5 hrs which averages to 1641.5 / 61.5 = 26.69
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  7. #7
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    Re: Need formula to figure pay rate

    how about this.....

    I gross $1756.68 for 65.25 hours worked.

    Overtime after 40 hours. First 40 paid at the hourly rate, overtime paid at 1.5x hourly. Given this information what is the formula to figure out my hourly rate?

    I get paid on a "production plan" and I am trying to figure out what my hourly rate would be if I was a traditional hourly worker with OT after 40 hours.
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  8. #8
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    Re: Need formula to figure pay rate

    the only difference between you and a typical worker is that you get a $ 52 kicker for any overtime.

    formula for average pay Regular 40 * 22 = $ 880
    Overtime hrs * 33 = $OT
    Kicker for any OT = $52 add the three and divide by total hrs worked to get average pay per hr (varies)
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  9. #9
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    Re: Need formula to figure pay rate

    right, but im not looking for an average rate, i'm looking to see how that changes my base rate. so with that extra $52 my base rate of $22 rises to what? $22.25?? i'm looking for a way to figure that out
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  10. #10
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    Re: Need formula to figure pay rate

    Quote Originally Posted by topset View Post
    right, but im not looking for an average rate, i'm looking to see how that changes my base rate. so with that extra $52 my base rate of $22 rises to what? $22.25?? i'm looking for a way to figure that out
    if you want the average pay per hr for OT then hrs OTx33 + 52 /hrs OT.Your base rate of 22 does not change unless you get a raise
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  11. #11
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    Re: Need formula to figure pay rate

    Quote Originally Posted by bjhopper View Post
    if you want the average pay per hr for OT then hrs OTx33 + 52 /hrs OT.Your base rate of 22 does not change unless you get a raise


    simply put, given ot (1.5x reg rate) after 40 hours, what is my regular pay rate if i work 65 hours a week and gross $1700? what is the formula to figure this out?

    I get paid on a "production plan" and I am trying to figure out what my hourly rate would be if I was a traditional hourly worker with OT after 40 hours.
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  12. #12
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    Re: Need formula to figure pay rate

    Quote Originally Posted by topset View Post
    simply put, given ot (1.5x reg rate) after 40 hours, what is my regular pay rate if i work 65 hours a week and gross $1700? what is the formula to figure this out?

    I get paid on a "production plan" and I am trying to figure out what my hourly rate would be if I was a traditional hourly worker with OT after 40 hours.

    given your new example (after correction)
    your average pay per hr = 27.03
    your average OT pay per hr =35.08 (trad-33).The methods to calculate these numbers have been shown
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