This time clock calculator estimates salary budget and the next paycheck for employees to keep track of their pay rate, overtime and working hours. Check an example of the calculations provided below the form.

Hourly pay rate: *
\$
Overtime pay rate:
\$
Overtime pay rate options: *
Day
Starting Time
Ending Time
Lunch/Breaks
HH
MM
HH
MM
HH
MM
1
2
3
4
5
6
7

## How does this time clock calculator work?

This is a great tool for all employers or employees who need to keep track of their hours either regular time or overtime worked and estimate the salary budget and the next paycheck.

The time clock calculator was designed to be an easy, quick and free alternative solution to the time clock specialized software that most probably requires you to invest some money for purchasing such software.

So, it takes account of the following data that should be provided:

- Hourly pay rate.

- Overtime pay rate.

- Overtime rule meaning one of the options listed: overtime is considered after 8 working hours each day OR overtime is considered only after 40 working hours each week OR no overtime considered.

- For each working day should be provided a start hour and an end hour.

- For each working day you might provide the lunch & breaks number of hours and/or minutes.

You just have to input the data required for each day and by case press “+1 Day” button to add new day to the timesheet, then the calculator will do the math. To the default number or 7 days users can add to the timesheet table as many days as they need.

By making the difference between the end and start hours, then by subtracting the number of hours and/or minutes for lunch & breaks from the working hours number, the Time Clock Calculator returns the timesheet with the regular hours worked and overtime hours worked for each working day as well as a total with the pay check presented by total regular pay and total overtime pay.

Please note that you can save the timesheet report by pressing “SAVE/PRINT PDF” button positioned right after the results area, bottom left.

## Example calculation

Let’s take for instance a case where the hourly pay rate is set at 5.45 currency, while the overtime pat rate is set at 7.00 and the limit is after 8 hours per day. The following table shows the information that has been entered in the input forms of the calculator.

 Day Starting time Ending time Lunch/ Breaks 1 8:00 am 5:05 pm 30 min 2 8:30 am 6:45 pm 32 min 3 8:05 am 6:25 pm 35 min 4 8:10 am 6:30 pm 30 min 5 8:15 am 6:50 pm 28 min 6 - - - 7 - - -

The results are:

 Day Normal Overtime Total 1 8:00 0:35 8:35 2 8:00 1:43 9:43 3 8:00 1:45 9:45 4 8:00 1:50 9:50 5 8:00 2:07 10:07 6 0:00 0:00 0:00 7 0:00 0:00 0:00 Totals Regular Overtime Total 40:00:00 8:00 48:00:00 \$218.00 \$56.00 \$274.00

22 Mar, 2015 | 0 comments