An hourly paycheck calculator template is a unique document having the ability to calculate work time according to the hourly pay rate. It helps you to determine the paycheck for hourly wages and gives a brief explanation about the deduction of taxes and other compensation. This calculator also provides a calculation of payment along with bonuses, allowances and overtime charges. Many companies and organizations use an hourly paycheck calculator for calculation of payment given to the workers or employees for their job performance. It is a useful tool and highly demanded by people who wish to calculate all the amount of compensation without any mistake or misunderstanding and also for developing a record of paychecks. Generally, hourly paycheck calculator templates contain the company name, date, time, logo, a brief description of paychecks including calculation of bonuses and other crucial information along with the signature of authority. It is a professional paycheck calculator beneficial for acknowledgment of salary and hourly checks. An hourly paycheck calculator shows critical data necessary for accuracy in paychecks provided to the workers for their work and efforts. It plays an important role in calculating taxes and deductions from payment, preferable to conveniently preparing an hourly paycheck.