Formula for Overtime hours in a spreadsheet

  • Thread starter Thread starter ChazFr
  • Start date Start date
C

ChazFr

Hello-

I was wondering if there is a formula to automatically calculate time and a
half for any hours over forty?... I got total hours in one cell (f38) and
below that I got a formula for the total hours times 10 (=F38*10)... but what
formula should I use to calculate time and a half for anything over 40
hours?... everything under 40 obviously at 10 dollars an hour and anything
over forty at 15 dollars an hour... I know you smart, intelligent people got
the answer lol :0).... thank you!
 
=MIN(40,F38)*10+MAX(0,F38-40)*15
for easier update
=(MIN(40,F38)+MAX(0,F38-40)*1.5)*10
best wishes
 
Thanks guys! Im just learning Excel.... its been about 6 years since I last
used it so this helps alot! Thanks!
 
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