What are the formulas for calculating regular rate of pay?
Hourly Basis: use hourly rate Salary Basis: annual salary divided by 52 (weeks) = weekly salary. Divide weekly salary by 40 (hours) = regular rate Piece or Commission Basis: 2 methods of calculating regular rate: (1) Regular rate = same as rate for each piece or commission, or (2) Regular rate = total earnings for the week (including hours worked over 8 hours) divided by the total hours worked (including overtime hours). Group Rate for Piece Workers: total number of pieces produced, divided by the number of people in the group (the regular rate cannot be below minimum wage). Two or More Pay Rates by the Same Employer: divide total earnings for the workweek (including those wages earned during overtime hours) by the total number of hours worked (including overtime hours).
