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Retro check amount
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<blockquote data-quote="Mugarolla" data-source="post: 4051781" data-attributes="member: 8481"><p>The equation still works.</p><p></p><p>Maybe you need to go back to school. Math is simple.</p><p></p><p>Look at a real life example. Say you work 40 hours per week and get 20 hours per week OT, pretty much the max OT you can get and still be DOT legal.</p><p></p><p>You will get roughly 9 months retro pay at 40 hours ST and 20 hours OT per week.</p><p></p><p>That will give you 1440 total hours ST and 728 hours OT of retro pay.</p><p></p><p></p><p></p><p>Your way...having to add up all your hours.</p><p></p><p>1440*0.70=1008</p><p>728*1.05=764.40</p><p></p><p>for a total retro check of 1772.40</p><p></p><p>The other way....</p><p></p><p>Your total pay on those hours worked, ST plus OT, is 91633.08</p><p></p><p>91633.08*.70=64143.16/36.19=1772.40</p><p></p><p>for a retro check of 1772.40</p><p></p><p>Wow, the exact same number, even with the max OT you can theoretically work.</p><p></p><p>Math is simple, if you understand it.</p></blockquote><p></p>
[QUOTE="Mugarolla, post: 4051781, member: 8481"] The equation still works. Maybe you need to go back to school. Math is simple. Look at a real life example. Say you work 40 hours per week and get 20 hours per week OT, pretty much the max OT you can get and still be DOT legal. You will get roughly 9 months retro pay at 40 hours ST and 20 hours OT per week. That will give you 1440 total hours ST and 728 hours OT of retro pay. Your way...having to add up all your hours. 1440*0.70=1008 728*1.05=764.40 for a total retro check of 1772.40 The other way.... Your total pay on those hours worked, ST plus OT, is 91633.08 91633.08*.70=64143.16/36.19=1772.40 for a retro check of 1772.40 Wow, the exact same number, even with the max OT you can theoretically work. Math is simple, if you understand it. [/QUOTE]
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