Overtime pay, also called “time and a half pay”, is one and a half times an employee’s normal hourly wage. Therefore, Alaska’s overtime minimum wage is $15.51 per hour, one and a half times the regular Alaska minimum wage of $10.34 per hour.
Is overtime pay mandatory in Alaska?
Alaska Overtime Regulations
Alaska requires daily overtime pay. An employee is entitled to 1 ½ times their regular rate of pay for all hours worked over 8 per day or 40 per week.
How much will I get paid for my overtime?
Overtime payments are commonly called the overtime premium or the overtime rate of pay. The most usual rate for overtime hours is time and a half, and that is 50% more than employee’s standard wage. It means that for every hour of overtime, you receive an equivalent of 1.5 the regular hourly rate.
Who is exempt from overtime pay in Alaska?
Individuals employed in a bona fide administrative, executive, and professional capacity who pass the duties tests are exempt from the overtime provisions of the law (AK Stat. Sec. 23.10.
What is Alaska minimum wage?
$10.34
What is the minimum wage in Alaska? Alaska is one of 29 states with a minimum wage above the federal minimum wage of $7.25. The minimum wage in Alaska was $10.19 throughout 2020 and will increase to $10.34 on January 1, 2021. Notably, Alaska does not allow a tip credit against the state’s minimum wage.
How does Alaska overtime work?
Overtime pay, also called “time and a half pay”, is one and a half times an employee’s normal hourly wage. Therefore, Alaska’s overtime minimum wage is $15.51 per hour, one and a half times the regular Alaska minimum wage of $10.34 per hour.
How much is overtime for $14 an hour?
$21 per hour
The rate for overtime work is 1.5x a worker’s hourly rate. In other words, the regular rate of pay plus another 50%. In the typical case of an hourly or non-exempt employee, if you are paying Sandy $14 per hour, you would have to pay her 1.5 x $14 = $21 per hour for every overtime hour.
What is time and a half of $30 an hour?
Their time and a half pay would be $20 x 1.5 for a total of $30 an hour.
What is time and a half for $18 an hour?
If you are paid $18 per hour, you will make $27 per hour when being paid time and a half ($18 × 1.5) and $36 when being paid double time.
What is time and a half for $17 an hour?
$25.50 per hour
To find out what time and a half is for $17 per hour, you can multiply your hourly wage by 1.5. Time and a half is $25.50 per hour for $17 per hour. If you work 42.5 hours in one week and your base pay is $17 per hour, you’ll get paid $17 for the first 40 hours and $25.50 for 2.5 hours.
Does Alaska pay double time?
Under Alaska law, if an employee works more than eight hours in one day or more than 40 hours in a week, then they are entitled to 1.5 times their normal hourly pay rate for all time worked over those limits. For all other aspects of overtime law, Alaska follows the federal Fair Labor Standards Act (FLSA).
What is the average wage in Alaska?
How much does an Average make in Alaska? As of Aug 1, 2022, the average annual pay for the Average jobs category in Alaska is $74,226 a year. Just in case you need a simple salary calculator, that works out to be approximately $35.69 an hour. This is the equivalent of $1,427/week or $6,186/month.
What is the minimum wage in Alaska 2022?
6. The uncodified law of the State of Alaska is amended by adding a new section to 23 read: 24 APPLICABILITY. The increase in the minimum wage to $15.00 an hour effective 25 January 1, 2022, in AS 23.10. 065(a), as amended by sec.
What is the highest paying job in Alaska?
Top 10 highest paying jobs in Alaska
- Cardiology physician.
- Vascular surgeon.
- Pediatrician. Average Salary: $216,413.
- Plastic surgeon. Average Salary: $213,281.
- Anesthesiologist. Average Salary: $198,385.
- Surgeon. Average Salary: $175,212.
- Dentist. Average Salary: $175,177.
- Internal medicine physician. Average Salary: $171,536.
Is Alaska cheap to live?
As far as rent goes, Alaska is ever so slightly cheaper than the U.S. as a whole. According to Apartment List’s 2019 report, the median rent for a studio and one bedroom apartment in Alaska is $17 and $21 cheaper than the national median, respectively. The state is mostly made up of homeowners, though.
What is the cost of living in Alaska?
Average Cost of Living in Alaska: $48,739 per year
Data gathered by MERIC in the third quarter of 2021 ranked Alaska as the state with the seventh highest cost of living. (Hawaii had the highest cost of living in the whole country.)
What is the minimum wage in Alaska 2021?
$10.34
The Anchorage CPI-U increased 1.4 percent in 2019. As a result, the minimum wage will rise from $10.19 to $10.34 effective Jan. 1, 2021. By law, Alaska’s minimum wage must remain at least $1 per hour over the federal minimum wage.
What is full-time Alaska?
The Wage and Hour Administration in Alaska does not define what constitutes full-time work or part-time work. The rights and laws apply to all workers in Alaska regardless of if they are full time or part time workers as considered by their employers.
Which state has the highest minimum wage?
Washington D.C.
Washington D.C. currently has the highest minimum wage in the United States at $15.00, followed by California with $14.00. Alabama, Louisiana, Mississippi, South Carolina, and Tennessee have not adopted a state minimum wage and, therefore, adopted the $7.25 federal minimum wage.
What is $18 an hour overtime?
Time and a half of 18. According to the Fair Labor Standards Act, most employers are required to pay you at least time and a half if you make $18 an hour and work more than 40 hours a week.
What is overtime for $20 an hour?
$30 per hour
A common rule is that overtime pay must be 1.5 times the regular rate of pay—commonly called “time and a half.” So, if your employee earns $20 an hour, their overtime rate would be $30 per hour. This counts even if they have only worked part of a full hour.