Excel formula
Errata....
"JoeU2004" wrote:
If days worked are in D1 and D2, then:
P1: =max(1300,65*D1)
P2: =min(65*D2,1300-P1)
Duh, P1 should be =min(1300,65*D1).
----- original message -----
"JoeU2004" wrote in message
...
If days worked are in D1 and D2, then:
P1: =max(1300,65*D1)
P2: =min(65*D2,1300-P1)
----- original message -----
"Arlene" wrote:
I am looking for a payroll formula. The formula will combine data from
two
separate pay periods.
For each day worked, employee receives $65 not to exceed $1,300 in total
from two pays.
Example:
Payroll 1, employee works 12 days and receives $780.00 ($65 x 12)
Payroll 2, employee works 12 days, this works out to $780, but exceeds
the
maximum $1300 payment allowed.
ie: The second pay needs a result of either the actual calculation if
the
total of 2 pays is 1300 or less or a calculation of 1300 less 780,
indicating
the actual payment allowed, ie: $520
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