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Comments (1)
BIS Research Market8
Market Intelligence on Deep Techs
Overtime pay is calculated as 1.5 times the regular hourly wage for hours worked beyond 40 hours per week (as per U.S. labor laws). Formula: Overtime Pay = Overtime Hours × (Hourly Wage × 1.5)
Example: If a kitchen staff member earns $80/hour and works 45 hours, their overtime pay is: 5 × (80 × 1.5) = $600