Formula:
Your 12-hour shift pay is calculated by determining effective working hours, splitting them into regular and overtime components, then applying hourly wages and overtime multipliers. Finally, pre-tax deductions and an estimated tax rate are applied to find your net take-home pay.
Total Gross Pay = (Regular Hours per Shift × Hourly Wage) + (Overtime Hours per Shift × Hourly Wage × Overtime Multiplier) × Number of ShiftsTotal Net Pay = Total Gross Pay - Total Pre-Tax Deductions - Total Taxes