Calculate time and a half (1.5x) overtime pay for any hourly rate. See your total weekly earnings including regular and OT pay.
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A mid-level software engineer in Austin, TX is comparing a $130,000 W-2 offer against their current $115,000 role. The new offer includes a $10,000 signing bonus and 0.1% equity in a Series B company.
Takeaway: Texas has no state income tax, which inflates take-home vs. the same offer in California (~9.3% marginal) or New York (~6.85%). Run the comparison with your state's rate above.
Take-home calculators estimate withholding based on single/married status and claimed allowances. If you have side income, multiple jobs, or itemized deductions, your actual withholding will differ. The IRS Tax Withholding Estimator is the most accurate tool for W-4 calibration.
Nine states have no income tax (TX, FL, WA, NV, AK, SD, WY, TN, NH). California tops out at 13.3% marginal. State tax can shift your net paycheck by $200-$1,000/month on a $100K salary. Always select your state before reading take-home results.
Cost of Living Salary AdjustmentEmployer-paid health insurance, 401(k) match, HSA contributions, and paid leave have real dollar value — typically $8,000-$25,000/year for a mid-career employee. Comparing two offers on base salary alone ignores a major component of total compensation.
Benefits Value CalculatorW-2 employees pay 7.65% FICA (SS + Medicare); employers match it invisibly. 1099 contractors pay the full 15.3% self-employment tax. A $100K 1099 contract has roughly $7,650 more tax friction than a $100K W-2 salary before any other adjustments.
1099 vs W-2 Tax ComparisonBonuses are withheld at a flat 22% federal supplemental rate (or 37% over $1M) — not your effective rate. Your actual tax on the bonus is determined at year-end filing. If your marginal rate is below 22%, you'll get a refund; above, you may owe.
Bonus Tax CalculatorBased on your inputs
$20.00/hr × 1.5
| Regular Rate | $20.00/hr |
|---|---|
| Time & Half Rate | $30.00/hr |
| Regular Pay (40 hrs) | $800.00 |
| Overtime Pay (5 hrs) | $150.00 |
| Total Weekly Pay | $950.00 |
| OT Premium (extra vs regular) | $50.00 |
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Time and a half means 1.5 times your regular hourly rate. It's the standard overtime rate required by US federal law for hours over 40/week.
$18 × 1.5 = $27/hr. If you work 5 overtime hours, you earn an extra $135 vs. regular pay.
Under the FLSA, non-exempt employees must receive 1.5x for hours over 40 per workweek. Some states also require daily overtime.
$15 × 1.5 = $22.50/hr. For 10 OT hours, you'd earn $225 at OT rate vs. $150 at regular.
Multiply your regular hourly rate by 1.5. For example, $22/hr times 1.5 equals $33/hr overtime rate. Then multiply the overtime rate by the number of overtime hours worked to find your extra earnings.
$20 times 1.5 equals $30 per hour for overtime. Working 8 overtime hours in a week at this rate earns you $240 in overtime pay on top of your regular 40-hour earnings of $800.
Only non-exempt salaried employees qualify for time and a half. To calculate the overtime rate, divide weekly salary by 40 to get the regular hourly rate, then multiply by 1.5 for the overtime rate.
Federal law does not require time and a half for holidays. However, many employers voluntarily offer 1.5x or 2x pay for holidays worked. Check your company policy or employment contract for holiday pay rates.
$25 times 1.5 equals $37.50 per hour for overtime work. If you work 45 hours in a week, you earn $1,000 at regular pay plus $187.50 for 5 overtime hours, totaling $1,187.50.
Under federal law, time and a half kicks in after 40 hours worked in a single workweek. Hours from different weeks cannot be combined or averaged. Each workweek stands alone for overtime calculation purposes.
Time & Half Rate = Regular Rate × 1.5
OT Pay = (Rate × 1.5) × OT Hours
Total = Regular Pay + OT Pay
Every formula on this page traces to a federal agency, central bank, or peer-reviewed institution. We cite the rule-makers, not secondhand blogs.
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Calculations are for educational purposes only. Consult a qualified financial advisor for personalized advice.