Overtime hours (beyond the standard 8-hour workday) are typically compensated at 1.5x the regular hourly rate. Night-shift hours (10pmโ6am) receive an additional 0.5x premium. These multipliers are applied automatically in this calculator.
In some labor systems, workers who work 15+ hours per week receive an additional paid day off equivalent. Toggle this on or off depending on your employment terms.
Social Insurance (~9.4%) covers pension, health, long-term care, and employment insurance. Freelancer Tax (3.3%) is a simplified withholding for independent contractors. Your actual tax rate may vary based on your jurisdiction and circumstances.