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#1
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if greater than?
I need help with a function for total pay.
I have the person's hourly rate and overtime rate and number of hours. But I want to find a simple function to calculate the total pay based on the number of hours, ideally one that I can drag down to calculate a number of totals. So here's an example of the info that I have, but I want to find what the total s/b with a formula. If the hours are 2080 or under, I'd like it to multiply by the hourly rate. If the hours are 2081 or more, then I'd like it to multiply 2080 by the hourly rate and multiply the remaining hours by the overtime rate. ID # Hourly RateOT Rate Hours Total S/B 1 $10 $15 2000 $20,000 2 $12 $18 3000 $41,520 3 $10 $15 2500 $27,100 Thanks for the help. |
#2
Posted to microsoft.public.excel.worksheet.functions
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if greater than?
Try this in E2:
=IF(D2<=2080,D2*B2,2080*B2+(D2-2080)*C2) Format as currency, and copy down as required. Hope this helps. Pete On Apr 1, 12:53*am, JT wrote: I need help with a function for total pay. I have the person's hourly rate and overtime rate and number of hours. *But I want to find a simple function to calculate the total pay based on the number of hours, ideally one that I can drag down to calculate a number of totals. So here's an example of the info that I have, but I want to find what the total s/b with a formula. If the hours are 2080 or under, I'd like it to multiply by the hourly rate.. * If the hours are 2081 or more, then I'd like it to multiply 2080 by the hourly rate and multiply the remaining hours by the overtime rate. * ID # * *Hourly RateOT Rate * * *Hours * Total S/B 1 * * * *$10 * * $15 * *2000 * * $20,000 2 * * * *$12 * * $18 * *3000 * * $41,520 3 * * * *$10 * * $15 * *2500 * * $27,100 Thanks for the help. |
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