• 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