**Introduction**

Calculating waiting time penalties accurately is crucial in various scenarios, be it for legal matters, contractual obligations, or service level agreements. To streamline this process, a reliable Waiting Time Penalty Calculator is essential. In this article, we will provide you with a user-friendly calculator code in HTML and JavaScript, ensuring precision in your calculations.

**How to Use**

- Input the necessary values into the designated text fields.
- Click the “Calculate” button to execute the waiting time penalty calculation.
- Instantly obtain the accurate result within the same form.

**Formula**

The waiting time penalty can be calculated using the formula:

$Penalty Amount=Waiting Time (in hours)×Penalty Rate (per hour)$

**Example**

Suppose you have a waiting time of 3 hours and a penalty rate of $10 per hour. The calculation would be:

\text{Penalty Amount} = 3 \, \text{hours} \times $10/\text{hour} = $30

**FAQs**

**Q: Can I input decimal values for waiting time and penalty rate?**

A: Yes, the calculator supports decimal values for precise calculations.

**Q: Is there any restriction on the units for waiting time?**

A: The waiting time should be entered in hours for accurate penalty calculation.

**Q: How can I reset the calculator?**

A: To reset, simply refresh the page or click the input fields and press “Enter.”

**Conclusion**

The Waiting Time Penalty Calculator provides a simple and efficient way to determine penalties accurately. Use this tool to save time and ensure precision in your waiting time penalty calculations.