Gross Pay Calculator

Gross Pay Calculator

The Gross Pay Calculator helps you determine the total gross pay before any deductions are made.

It considers your hourly wage, regular hours worked, overtime hours (if any), overtime rate, and any additional income or bonuses.

This tool is essential for accurately budgeting and understanding your earnings before taxes and other deductions.

Plain Text Formula:

1. Total Regular Pay = Hourly Wage × Regular Hours Worked per Pay Period

2. Total Overtime Pay = Hourly Wage × Overtime Rate × Overtime Hours Worked per Pay Period

3. Total Gross Pay = Total Regular Pay + Total Overtime Pay + Additional Income

Step-by-Step Guide with Real-Life Example:

1. Determine Your Inputs:

   • Hourly Wage:

     $20

   • Regular Hours Worked per Pay Period:

     80 hours

   • Overtime Hours Worked per Pay Period (Optional):

     10 hours

   • Overtime Rate (Optional):

     1.5

   • Additional Income (Optional):

     $100

2. Calculate Total Regular Pay:

   • Formula:

     Total Regular Pay = Hourly Wage × Regular Hours Worked per Pay Period

   • Calculation:

     Total Regular Pay = $20 × 80 = $1,600

3. Calculate Total Overtime Pay (if applicable):

   • Formula:

     Total Overtime Pay = Hourly Wage × Overtime Rate × Overtime Hours Worked per Pay Period

   • Calculation:

     Total Overtime Pay = $20 × 1.5 × 10 = $300

4. Calculate Total Gross Pay:

   • Formula:

     Total Gross Pay = Total Regular Pay + Total Overtime Pay + Additional Income

   • Calculation:

     Total Gross Pay = $1,600 + $300 + $100 = $2,000

Facts:

• Hourly Wage:

  Represents your standard pay rate per hour of work.

• Regular Hours Worked per Pay Period:

  The number of hours worked within a specified pay period (e.g., bi-weekly).

• Overtime Hours Worked per Pay Period:

  Additional hours worked beyond the regular hours, usually paid at a higher rate.

• Overtime Rate:

  The multiple of your regular hourly wage used to calculate overtime pay.

• Additional Income:

  Includes bonuses or other forms of extra compensation.

FAQ:

What if I don't have overtime hours?

Simply leave the Overtime Hours Worked and Overtime Rate fields blank or set them to 0. The calculator will exclude overtime calculations.

How do I find out my overtime rate?

The overtime rate is often specified by your employer or labor laws. Common rates are 1.5 times (time and a half) or 2 times (double time) the regular hourly wage.

What should I do if I have multiple types of additional income?

Combine all additional income amounts into a single figure to enter into the Additional Income field.

Is the gross pay before or after taxes?

The gross pay calculated by this tool is before any deductions or taxes. You'll need to subtract taxes and other deductions to determine your net pay.