Time and a Half for $24 an Hour
$36.00per overtime hour · 10 overtime hours this week
| Hours | Count | Pay |
|---|---|---|
| Regular | 40 | $960 |
| Overtime | 10 | $360 |
| Total for the week | 50 | $1,320 |
| Blended hourly rate | — | $26.40 |
Worked every paid week of the year, that pattern comes to $68,640.
Time and a half for $24 an hour is $36.00 per overtime hour. Federal law owes overtime on hours past 40 in a workweek, not on long days, so a 50-hour week at $24 pays $1,320 — $960 at the regular rate plus $360 for 10 overtime hours.
Overtime rates for $24 an hour
| Rate | Per hour | When it applies |
|---|---|---|
| Regular 1x | $24.00 | Up to 40 hours in the workweek |
| Time and a half 1.5x | $36.00 | Every hour past 40, under federal law |
| Double time 2x | $48.00 | Not federal — some states and contracts only |
Federal overtime is weekly, not daily. It is owed on hours past 40 in a workweek, so four ten-hour days is still 40 hours and still carries no federal premium, however long those days felt. Plenty of calculators imply otherwise by offering an hours-per-day field.
The workweek is a fixed, recurring period of seven consecutive days that the employer sets in advance. It does not have to start on a Monday, but it cannot be moved around to avoid paying a premium, and two weeks cannot be averaged together to bring one of them under 40.
Five overtime hours a week at $36.00 adds $9,360 over 52 paid weeks; ten hours a week adds $18,720. To earn an extra $10,000 in a year at this rate takes about 5.3 overtime hours a week, every week.
A year on $24 an hour
$49,920 a year, $4,160 a month, $1,920 every two weeks. The middle figure is the one most budgets run on and the least visible on a payslip.
Paid time off changes the real rate without changing the headline. Ten paid holidays on this rate means the same $49,920 for 2,000 hours actually worked rather than 2,080 — an effective rate above the quoted one. The paid-holidays control above works that through.
How $24 an hour compares
- It is 3.3x the federal minimum wage of $7.25 an hour, which is $34,840 more a year at the same hours.
- It is below the US median, at 77% of the median full-time wage.
- It clears every state minimum wage, including Washington’s $17.13, the highest in the country.
Federal minimum wage $7.25, in effect since July 2009 (U.S. Department of Labor, Wage and Hour Division). Median earnings from U.S. Bureau of Labor Statistics, Usual Weekly Earnings, second quarter 2026 — median usual weekly earnings of full-time wage and salary workers. The hourly equivalent of $31.28 is that weekly figure over 40 hours, which is a derivation rather than a separately published median hourly wage. Highest state minimum: Washington, effective 1 January 2026.
How this is worked out
The default assumes 40 hours a week over 52 weeks, which is 2,080 paid hours a year. Yearly pay is the hourly rate multiplied by those hours; monthly is the year split twelve ways.
Biweekly and semi-monthly are not the same thing. Biweekly means every two weeks, which is 26 pay periods a year. Semi-monthly means twice a month, which is 24. That is why those two rows differ above, and why two months of the year carry a third biweekly cheque.
Every figure here is gross — before income tax, payroll tax and deductions.
Common questions
How much is $24 an hour a month?
$24 an hour is $4,160 a month before tax, at 40 hours a week. That is the yearly total of $49,920 divided by twelve, not four weekly cheques — a month averages about 4.33 weeks, so four weeks of pay at $960 comes to less than a month's share.
What is $24 an hour after taxes?
Every figure on this page is gross, before income tax, payroll tax and deductions. Take-home from $49,920 depends on your state, filing status, pre-tax deductions and local taxes, and those move the result by thousands — so no single after-tax number would be true for most readers. Social Security and Medicare alone take 7.65% of wages from an employee before any income tax applies.
Is $24 an hour above the US median wage?
$24 an hour is 77% of the median full-time wage, so it sits below the middle. The median is published weekly by the Bureau of Labor Statistics and read here over a 40-hour week; it flattens a lot of variation between occupations and metros.
How much is $24 an hour biweekly?
$1,920 every two weeks, which is 26 pay periods a year. Twice a month is not the same thing — that is 24 periods and works out to $2,080 a cheque. Two months of the year carry a third biweekly payment, which is why the two figures differ.
Is $24 an hour the same as a $49,920 salary?
In gross pay, yes, at 40 hours a week. In practice they behave differently: an hourly worker is generally owed time and a half past 40 hours in a week, while a salaried exempt worker is not. A $49,920 salary that expects fifty-hour weeks is a lower effective rate than $24 an hour.