Question 1

How is overtime pay calculated?

Accepted Answer

Under the Fair Labor Standards Act (FLSA), overtime pay is typically 1.5 times your regular hourly rate for hours worked beyond 40 per week. Some employers or states offer double-time (2x) for certain conditions like holidays or hours beyond 12 in a day. This calculator lets you set any overtime multiplier.

Question 2

What counts as a side income stream?

Accepted Answer

A side income stream is any earnings outside your primary hourly job. Examples include freelance work, gig economy jobs (rideshare, delivery), rental income, tutoring, online sales, or part-time seasonal work. This calculator lets you add multiple streams with different pay frequencies and growth rates.

Question 3

How much does overtime actually increase my annual income?

Accepted Answer

Even 5 hours of weekly overtime at time-and-a-half can boost annual income by 15-20%. For example, at $25/hour, 5 hours of weekly OT adds about $9,750/year ($37.50 × 5 × 52). This calculator shows the exact impact so you can decide whether the extra hours are worth it.

Hourly Income Projection

Assumptions

Year 1 Income

Final Year Income

Cumulative Earnings

Overtime Boost

Income Breakdown by Year

Year-by-Year Breakdown