Enter the standard rate (\$/hr) and the overtime multiplier into the Overtime Rate Calculator. The calculator will evaluate the Overtime Rate.

## Overtime Rate Formula

The following two example problems outline the steps and information needed to calculate the Overtime Rate.

OVR = SR * M

• Where OVR is the Overtime Rate (\$/hr)
• SR is the standard rate (\$/hr)
• M is the overtime multiplier

## How to Calculate Overtime Rate?

The following example problems outline how to calculate Overtime Rate.

Example Problem #1:

1. First, determine the standard rate (\$/hr).
• The standard rate (\$/hr) is given as: 50.
2. Next, determine the overtime multiplier.
• The overtime multiplier is provided as: 1.5.
3. Finally, calculate the Overtime Rate using the equation above:

OVR = SR * M

The values provided above are inserted into the equation below and computed.

OVR = 50 * 1.5 = 75.00 (\$/hr)

Example Problem #2:

For this problem, the variables required are provided below:

standard rate (\$/hr) = 60

overtime multiplier = 2.5

Test your knowledge using the equation and check your answer with the calculator..

OVR = SR * M = ?