Overtime Calculation Financial Accounting

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=KtOegGKNIW0

Playlist: • 1100 – Payroll and Current Liabilities • Google Classroom: https://classroom.google.com/c/MjE0Mz... • Class code: 527wmle • https://accountinginstruction.info/ • Payroll Accounting • Overtime calculation in a few different formats. Overtime is generally thought of as time and a half. In other words overtime rates are time and a half of the original rate. Although we often use the term time and a half many don't understand what it means fully. Overtime is usually calculated similar to a 50% raise. We can calculate the overtime rate as the original rate times 50% plus the regular rate. We can also calculate overtime as the origianl rate times 1.5 or 150%, the 1 representing the original time and the .5 representing the added 50% increase. • Fore more accounting information see website: • http://accountinginstruction.info/cou...

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