Hourly vs salary, and overtime at 1.5×
Hourly pay is rate × hours. Salary is the annual amount divided by the pay periods in a year. Overtime hours are paid at 1.5× the Regular rate.
Hourly
Choose Hourly on the Payment step. On the Earnings step each row is rate × hours. The Regular row holds the base rate.
Salary
Choose Salary and enter the annual salary before taxes. We divide it by the number of pay periods in a year: 52 weekly, 26 bi-weekly, 24 semi-monthly, 12 monthly. A $52,000 salary paid bi-weekly is $2,000.00 per paycheck.
Overtime
Type overtime hours in the Overtime row and leave its rate empty. With Auto Calculator on, it is paid at 1.5× the Regular rate. You can type a different rate if your overtime rule is different.
| Line | Rate | Hours | Amount |
|---|---|---|---|
| Regular | 20.00 | 80 | $1,600.00 |
| Overtime | 30.00 (1.5×) | 5 | $150.00 |
| Gross pay | $1,750.00 | ||
| FICA-Medicare | $25.38 | ||
| FICA-Social Security | $108.50 | ||
| Federal tax | $126.15 | ||
| Net pay | $1,489.97 |
Other earnings
Use Add earnings for double time (2× the Regular rate), sick pay and PTO (hours at the Regular rate), commission (type the amount), or a custom row. Holiday, Vacation, Bonus, Float and Tips rows are already there; leave them at zero and they don't print.
Still stuck? Email support@paystub.biz or see the FAQ.