It's a bit more complex than simply multiplying the rated current (amps) together for each voltage - this will just give you the maximum output for that specific voltage which will be less than the total rated power of the PSU. Adding all the power limits together will give you a figure higher than the total rating.
For example, looking at the label on a PSU I happen to have to hend (a cheap Sweex one I pulled from a PC recently), I can see the following specifications:
+3.3V - 22A
+5V - 30A
+12V - 16A
-5V - 0.5A
-12V - 0.8A
+5V standby - 2A
Multiplying, this gives me 72W on +3.3V, 150W on +5V and 192W on +12V, which are the significant ones.
This might suggest that the PSU can provide 414W.
However, it also states that the maximum...