Questions:
Not sure how to describe this, but here goes.
I have a work time sheet – where the first 40 hrs are paid at rate-X and 41+ are paid at rate-Y.
The data to count is in one column. Example below:
date worked | hrs worked
9-6-13 | 10
9-7-13 | 8
9-8-13 | 15
9-10-13 | 12
------------------------
Total Hrs | 45
Hrs 0-40 | **40 <formula for this?>**
Hrs 41+ | **5 <formula for this?**
Rate 0-40 | $10
Rate 41+ | $5
Total wage 0-40 hrs: $400
Total wage 41+ hrs: $25
From the example – I need to count the hrs up to for and apply the $10/hr rate. Beyond that in a different cell continue counting and apply the $5/hr rate. IF the hrs are less than 40 – the second rate would not apply.
Is this possible???
Thank you in advance!
How to&Answers:
For the first range of 0-40 hours, you can use this:
=IF(B6 > 40, 40, B6)
Assuming that B6 contains the total hours.
For hours 41+, you would then use:
=IF(B6 > 40, B6-40, 0)
The total wages should now be easy 🙂
Answer：
Alternates, for the first 40 hours:
=MIN(40,B6)
For over 40 hours:
=MAX(0,B6-40)
Tags: excelexcel
