If an employee earns $10.00 per hour and works 50 hours in a week, what is their over-time premium?

To determine the overtime premium for an employee earning $10.00 per hour who works 50 hours in a week, it's essential to understand how overtime pay is calculated. In the United States, including South Carolina, any hours worked over 40 in a week are considered overtime and must be paid at 1.5 times the regular hourly rate.

First, calculate the regular rate of pay for the first 40 hours:

• Regular hourly rate: $10.00

• Regular pay for 40 hours: 40 hours x $10.00 = $400.00

For the additional hours worked (which is 10 hours of overtime in this case), the overtime rate is calculated as follows:

• Overtime rate: $10.00 x 1.5 = $15.00

• Overtime pay for 10 hours: 10 hours x $15.00 = $150.00

Now focusing on the specific question about the overtime premium—this refers to the additional amount that the employee earns for each overtime hour beyond the standard hourly wage. In this case, for each of the 10 overtime hours worked, the additional payment over the standard hourly wage is $5.00 ($15.00 - $10