Two-Week Pay Summary:
"; resultHTML += "Week 1:"; resultHTML += "- ";
resultHTML += "
- Regular Hours: " + regularHours1.toFixed(2) + " @ $" + rate1.toFixed(2) + " = $" + regularPay1.toFixed(2) + " "; resultHTML += "
- Overtime Hours: " + overtimeHours1.toFixed(2) + " @ $" + overtimeRate1.toFixed(2) + " = $" + overtimePay1.toFixed(2) + " "; resultHTML += "
- Total Week 1 Pay: $" + totalPay1.toFixed(2) + " "; resultHTML += "
- ";
resultHTML += "
- Regular Hours: " + regularHours2.toFixed(2) + " @ $" + rate2.toFixed(2) + " = $" + regularPay2.toFixed(2) + " "; resultHTML += "
- Overtime Hours: " + overtimeHours2.toFixed(2) + " @ $" + overtimeRate2.toFixed(2) + " = $" + overtimePay2.toFixed(2) + " "; resultHTML += "
- Total Week 2 Pay: $" + totalPay2.toFixed(2) + " "; resultHTML += "
"; resultHTML += "Two-Week Totals:"; resultHTML += "
- ";
resultHTML += "
- Total Regular Hours: " + totalRegularHours.toFixed(2) + " "; resultHTML += "
- Total Overtime Hours: " + totalOvertimeHours.toFixed(2) + " "; resultHTML += "
- Total Gross Pay (2 Weeks): $" + totalGrossPay.toFixed(2) + " "; resultHTML += "
Understanding Overtime Pay with Multiple Rates
Calculating overtime pay can become complex when you work for different employers or have varying pay rates within the same pay period. This calculator is designed to help you accurately determine your total earnings when you have two distinct regular pay rates and associated overtime calculations over a two-week period.
How Overtime Works: In most jurisdictions, "overtime" refers to hours worked beyond a standard workweek (often 40 hours). These overtime hours are typically compensated at a higher rate, commonly time-and-a-half (1.5 times your regular rate) or double-time (2 times your regular rate). The specific regulations and thresholds for overtime pay can vary by location and employment type.
Why Two Rates? You might encounter situations where you need to calculate overtime with two different rates for several reasons:
- Multiple Jobs: Working for two different companies simultaneously. Each job will have its own pay rate and overtime rules.
- Varying Roles: Within a single job, you might perform duties that fall under different pay grades or union agreements, leading to different base rates for different types of work.
- Shift Differentials: Some employers offer higher base rates for working undesirable shifts (e.g., night shifts) which can affect your overtime calculation.
Using the Calculator:
- Regular Hours (Week 1 & 2): Enter the number of standard hours you worked for each job/rate in each respective week.
- Overtime Hours (Week 1 & 2): Enter the number of hours worked beyond the standard in each week for each job/rate.
- Regular Pay Rate (Week 1 & 2): Input the base hourly wage for each job/rate.
- Overtime Multiplier: Specify the factor by which your regular rate is multiplied for overtime hours (e.g., 1.5 for time-and-a-half, 2 for double-time).
The calculator will then compute the regular pay, overtime pay, and total pay for each week, as well as the overall gross pay for the two-week period. This tool is particularly useful for freelancers, gig workers, or anyone juggling multiple employment scenarios to ensure they are being compensated correctly for all their hard work.