HOW TO CALCULATE YOUR REGULAR RATE OF PAY FOR OVERTIME CALCULATIONS?
If you have worked overtime hours, you are entitled to overtime premium for those extra hours.
You are entitled to a 50% premium for every time hour you work and sometimes more depending on the hours of work.
To determine the overtime premium, you have to calculate your regular rate of pay. Your regular rate of pay includes everything you receive for your employment such as wages, commissions, performance-based bonuses and prizes, and even shift differentials.
Your regular rate of pay doesn’t include any money or times you receive that aren’t intended as part of your compensation, such as expense reimbursements, gifts from your employers, such as a holiday bonus, or the value of employee perks, such as a parking space.
David Payab, Esq. from The Law Offices of Payab & Associates can be reached @ (818) 918-5522 or by visiting http://payablaw.com/