This calculator determines the gross earnings for a week. It does calculate net pay. Net pay would deduct taxes, Social Security, Medicare, local, state and federal taxes, health insurance and retirement savings (401K and IRA) from your paycheck. This would be difficult to compute and is beyond the scope of this app.
The calculator includes rates for regular time and overtime. Pay rates include straight time, time and a half, double time and triple time. In addition, a rate of nothing is included for people who work for free for part of the week. For example, some professionals have to work several hours for free before straight time or overtime is earned. Usually, this is called professional time. Check with your company for policies and local laws to determine your rates.
Two overtime rates are included for people being paid different overtime rates depending on how many hours are worked. For example, a person is paid time and a half for the hours worked between 40 and 46. After 46 hours they are paid double their normal rate.
A graph or plot is included to give a visual representation of the earning and pay rates.
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