Every overtime hour at a $40 wage pays $60.00 — your usual $40 plus a $20.00 premium. That premium is the whole point of the overtime rules: hours past 40 in a workweek cost your employer half again as much, and that extra half goes to you.
Stretch a standard $1,600 week (40 hours) to 50 hours and the paycheck becomes $2,200 — the 10 overtime hours contribute $600, more than a quarter of the total. Kept up over a year, even 5 overtime hours a week at $60.00 adds roughly $15,600 on top of a $83,200 base salary.
Working these hours in 2025–2028? The $20.00/hour premium portion may be federally deductible — see the no tax on overtime calculator. And if your employer pays 2x for some hours, that's $80.00/hour — the double time calculator covers it.