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Work Sheet                                                                                                                                                                            Work Sheet

Work Sheet

CALCULATING GROSS INCOME AMOUNT

Hourly Employees With Overtime

(Copy, Paste, Print and Complete for All Applicants)

STEP 1:    

    $                   HOURLY RATE

    X        40       HOURS WORKED PER WEEK

    $

    X        52       WEEKS PER YEAR

    $

   ./.        12       MONTHS PER YEAR

    $                   BASE GROSS INCOME

STEP 2:

    $                   HOURLY RATE

    X       1.5       OVERTIME FACTOR

    $

    X                   OVERTIME HOURS WORKED PER WEEK

    $

    X        52       WEEKS PER YEAR

    $

   ./.        12       MONTHS PER YEAR

    $                   OVERTIME GROSS INCOME

STEP 3:

    $                   BASE GROSS INCOME (From Above: Step 1)

    +                   OVERTIME GROSS INCOME (From Above: Step 2)

    $                   GROSS INCOME AMOUNT


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