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Retro check amount
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<blockquote data-quote="35years" data-source="post: 4051451" data-attributes="member: 60822"><p>Let's run UPSchuck's example with a different amount of OT... 8 hrs regular and 4 hour OT.</p><p></p><p>Say I worked 12 hours in 1 day, so 8 straight and 4 OT.</p><p></p><p>My pay would be $506.66</p><p></p><p>Retro pay</p><p></p><p>Your way</p><p>8hr * .70 = 5.6</p><p>4hr * 1.05 = 4.20</p><p>Total = $9.80</p><p></p><p>The other way</p><p>$506.66 * .70 / 36.19 = $9.80</p><p></p><p>Exactly the same.</p><p></p><p>The equation gives a result (retro pay amount) that reflects OT because it uses TOTAL pay which already reflects OT. It also reflects any double time / holiday and or vacation pay.</p></blockquote><p></p>
[QUOTE="35years, post: 4051451, member: 60822"] Let's run UPSchuck's example with a different amount of OT... 8 hrs regular and 4 hour OT. Say I worked 12 hours in 1 day, so 8 straight and 4 OT. My pay would be $506.66 Retro pay Your way 8hr * .70 = 5.6 4hr * 1.05 = 4.20 Total = $9.80 The other way $506.66 * .70 / 36.19 = $9.80 Exactly the same. The equation gives a result (retro pay amount) that reflects OT because it uses TOTAL pay which already reflects OT. It also reflects any double time / holiday and or vacation pay. [/QUOTE]
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