Overtime Wage and Gross Wage Formulae

Dwayne

The overtime rates;

1)    The overtime rate at time-and-a-quarter = 1.25 X the basic rate;

125% of the basic rate

 

2)    The overtime rate at time-and-a-half = 1.5 X the basic rate;

150% of the basic rate

 

3)    The overtime rate at double-time = 2 X the basic rate;

200% of the basic rate

 

4)    The overtime rate at triple time = 3 X the basic rate;

300% of the basic rate

 

 

The wages;

1)    The gross wage = The basic wage + The overtime wage

 

2)    The overtime wage = The gross wage – The basic wage

 

3)    The basic wage = The gross wage – The overtime wage

 

4)    The overtime worked = The overtime wage ÷ The overtime rate

 

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