What Is Overtime Pay?
How to Calculate Overtime
Overtime pay = overtime hours × regular hourly rate × 1.5. With a 20 hourly rate and 5 overtime hours, overtime pay is 5 × 20 × 1.5 = 150.
Double Time
Some employers and some state laws pay double time (2×) in specific situations, such as very long days or certain holidays.
Other Countries
Overtime rules, thresholds, and multipliers differ by country and by employment contract.
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Last updated: September 27, 2026. This definition is for general educational purposes only. It is not financial, investment, tax, legal, or medical advice, and it does not recommend any product or course of action. For decisions about your own situation, consult a qualified professional.