The above video helps you out in making overtime calculator using python

Checkout the video for detailed explanation of the code

Before working on it, let us know how overtime calculator exactly works

What is Overtime?

Overtime is an employee’s working hours beyond normal working hours.

Although the general definition of overtime only refers to working hours outside the standard working hours, it usually refers to the remuneration paid by employees for the work. Salary varies from company to company and depends on overtime details, such as the number of hours worked and multiplier.

Standard overtime pay includes one and a half and double time

Formulas for Overtime Pay:

There are several formulas available for computing the overtime payment.If you need to calculate the hourly overtime pay, then you need to multiple hourly regular pays with a multiplier as:

HOP = m * HRP

Where,

HOP = Hourly overtime payment

m = multiplier (usually 1.5)

HRP = Hourly regular payment

You should have an exact figure of your hourly overtime to find total overtime precisely:

OP = n * HOP

Where,

OP = Overtime pay

n = number of overtime hours per month

Now, If you want to calculate the total salary of the month, then you need to add overtime pay to your regular salary:

TP = RP + OP

Where,

TP = Total pay

RP = regular pay

It is time to work on the code to build overtime calculator

Source Code:

name = input('What is your name? ')

m = 1.5

regular_working_hours = int(input("How many hours do you work per month? "))

n = int(input("How many overtime hours did you work this month?: "))

regular_payment_per_hour = float(input("How much is your hourly wage? "))

overtime_payment_per_hour = m * regular_payment_per_hour

total_overtime_payment = n * overtime_payment_per_hour

total_regular_payment = regular_payment_per_hour * regular_working_hours

total_salary = total_regular_payment + total_overtime_payment

print("\n ----------------------------- Here's your result! ---------------------------")
print('Name: ' + name)
print('Overtime payment per hour: ${:,.2f} per hour'.format(overtime_payment_per_hour))
print('Total overtime payment:${:,.2f} a month'.format(total_overtime_payment))
print('Total Regular payment:${:,.2f} a month'.format(total_regular_payment))
print('Total payment:${:,.2f} a month'.format(total_salary))

 

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