If total hours worked is in cell A1 and normal working week is 40 hours then
if OT is in Cell B1
=MAX(0,A1-40)
or
=IF(A140,A1-40,0)
If OT is paid at 1.5 times standard hourly rate, then OT pay
=B1*C1*1.5 where C1 is standard hourly rate
i.e =Max(0,A1-40)*C1*1.5
To make your s/sheet (more) flexible put the standard hours and overtime
rate/factor in cells rather than have them as constants in the formulae;
pPerhaps also have them as named ranges to make the formulae more readable.
e.g.
=MAX(0,A1-StdHours)*HourlyRate*OTRate
HTH
"rooney2oons" wrote:
I am trying to create a spread sheet that will automatically tell me
what my check should be before all the taxes and stuff are taken out.
I have a cell that shows how many hours I worked in the week. I know
how to calculate my hours times my wage. I need to figure in OT. Any
ideas on this?
If not I will just do it the old fashioned way.
John
--
rooney2oons
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