In calculating overtime premium earnings at one and a half times the regular hourly rate, the overtime hours are multiplied by one-half the hourly rate of pay.

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Quizplus · Accepted Answer

The overtime premium is calculated by taking the overtime hours worked and multiplying them by one-half the regular hourly rate, because the employee is already receiving their regular pay for these hours, and the additional half constitutes the "premium" for working overtime.

In Calculating Overtime Premium Earnings at One and a Half