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Overtime premium

An overtime premium is the extra amount you pay an employee when they work overtime. For example, if you pay time-and-a-half, the overtime premium is the amount represented by the half.

Some workers compensation carriers exclude your overtime premiums when they calculate your insurance premiums. Others include those premiums (which can mean higher insurance payments for you).

See also

KB ID# H_PAY_GL_PAYROLL_OT_PREMIUM
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