This time and a half calculator is used to calculate your time beyond regulation or holiday pay on the idea of a wellknown hourly fee. The calculator takes your general weekly, bi-weekly, semi-month-to-month, and month-to-month pay discern and determines the extra time pay at 1.5 instances your normal charge.
“Time and half is an multiplied pay charge generally reserved for the additional time or for the greater running hours”
You calculate time and a half fee by following the given components:
Time and a 1/2 fee = normal hourly price x 1.5
From time to time employers additionally offer double pay for additonal hours, in particular at some stage in the holiday. The double pay rate genuinely doubles the standard fee of the employees. It is easy to calculate the double time profits by using multiplying the ordinary fashionable fee with “2”.
Calculate the time and a half salary rate of an employee if their regular salary per week is $500.
Solution:
Salary per week = $500
Regular hourly rate = $500 / 40
Regular hourly rate = $12.50 per hour
Time and a half salary rate = $12.50 × 1.5 = $18.75
From the source of hourly.io: Definition, what is Time and a 1/2?
