(2) Based on Actual Hours Worked Under this method, the overtime rate is computed (total earnings divided by total hours worked multiplied by .5, rounded to two decimal places). This rate is then multiplied by the overtime hours, resulting in the overtime wages, rounded to two decimal places. Hours Formula Amount Hours Worked, Job A: 30.0 30.0 hours x $14.75 $442.50 Hours Worked, Job B: 14.0 14.0 hours x $19.05 266.70 Overtime hourly rate $709.202 = 44.0 hours = $16.12, rounded $16.12 x 0.5 = $8.06, rounded Overtime Hours: 4.0 $8.06 x 4.0 hours = 32.24 Gross Earnings $741.44 a combine wages for both Job A and Job B (3) Rate after the 40th Hour Under this method, the overtime time rate for the job is the rate that created the overtime hours (using this rate multiplied by .5, rounded to two decimal places). This rate is then multiplied by the overtime hours, resulting in the overtime wages. Hours Formula Amount Hours Worked, Job A: 30.0 30.0 hours x $14.75 $442.50 Hours Worked, Job B: 14.0 14.0 hours x $19.05 = 266.70 Overtime hourly rate ($14.750 x .5, rounded) x 4.0 hours 29.52 Gross Earnings $738.72 athe rate ($14.75, Job A) after the 40th hour Based on Actual Hours Worked Regular Hours, Job A 21 Hourly Rate, Job A 17.15 Regular Total Pay, Job A $ 360.15 Regular Hours, Job B 23 Hourly Rate, Job B 19.55 Regular Total Pay, Job B 449.65 Overtime Hours 4 Hourly Rate, Overtime 8.58 Overtime Total Pay 34.32 Total Gross Earnings $ 844.10 x Rate after 40th Hour In this scenario, again Alex worked a total of 44 hours, but the overtime hour(s) can be specifically attributed to Job B. Regular Hours, Job A 21 Hourly Rate, Job A 17.15 Regular Total Pay, Job A $ 360.15 Regular Hours, Job B 23 Hourly Rate, Job B 19.55 Regular Total Pay, Job B 449.65 Overtime Hours 4 Hourly Rate, Overtime 8.58 X Overtime Total Pay 34.30 X Total Gross Earnings $ 844.12 Rate after the 40th Hour Note: In this scenario, the overtime hours can be attributed to Job B. Regular Hours, Job A 26 Regular Total Pay, Job A $ 451.10 Regular Hours, Job B 18 Regular Total Pay, Job B 353.70 Overtime Hours 4 Overtime Total Pay Total Gross Pay $ A tipped employee is one who engages in an occupation in which tips of more the $30 a month are customarily and regularly received. An employer may consider, within prescribed limits, the tips received by a tipped employee as part of the employee's wages. 2.13 per hour. If the employee receives more than $ In 1996, the Small Business Job Protection Act froze the minimum cash wage required for tipped employees at $ /month in tips, the employee is required to report their tips to the employer each month. 5.12 per hour, the employer must increase the hourly rate of pay so hourly wage plus the equivalent hourly tip rate, at a minimum, If tips received do not amount to at least $ equals $ 7.25 per hour. Let's assume that Carly Employee, Example's daughter, earns a weekly wage of $102 for a 40-hour workweek and received tips of $102 each week. Even though the hourly rate paid ($2.55) exceeds the minimum cash wage rate, the employer must pay an additional $86 so that tips received plus the wages paid equal the minimum wage