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

To calculate the overtime rate, multiply the standard rate by the overtime multiplier.

## How to Calculate Overtime Rate?

The following example problems outline how to calculate Overtime Rate.

Example Problem #1:

- First, determine the standard rate ($/hr).
- The standard rate ($/hr) is given as: 50.

- Next, determine the overtime multiplier.
- The overtime multiplier is provided as: 1.5.

- 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** = ?**