Overtime Pay
Planning & BudgetingCompensation at 1.5x the regular rate for hours worked beyond 40 in a week, required by federal law for non-exempt employees.
Example
Example: For someone earning $60,000/year trying to build a solid financial plan, understanding overtime pay is a key piece of the puzzle. Applied to a monthly budget, this concept could help you save an extra $200-$500/month. Build your plan with our 50/30/20 budget calculator.