How to calculate the extra earnings using the highest rate and hours

FortCeara2

New Member
Joined
Sep 22, 2020
Messages
1
Office Version
  1. 365
Platform
  1. Windows
I need help figuring out how to calculate employee's extra earnings due to extra hours they worked each week.
Let's say, the year starts on November 1st. So the first week of November starting Sunday and ending Saturday is Week #1 (if November 1 starts on a Friday, then Week #1 will consist of 2 days) and the year ends on October 31st.

Anyway, all employees are scheduled a total number of hours each week and are paid per hour based on the hourly rate, i.e. Week#1, Stacy's hourly rate is $15.00 and she's scheduled to work 10 hours, but for whatever reason Stacey works 12 hours. In this case Stacy worked an extra 2 hours and her extra earnings are $30.00.
Now there may be instances, where Stacy's scheduled hours may change to 15 scheduled hours per week and her hourly rate may or may not increase. So let's say, during week #2, the scheduled hours went up to 15 starting on Wednesday, and her hourly rate of pay is now $15.00 effective on Thursday. In this case I need to calculate her extra earnings using the highest hours and highest pay rate. Once this is all done. I'll sum up the total "extra earnings" for the year to find out how much her "additional earnings" were.
Additional Earnings.JPG
 

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padapinto

New Member
Joined
Sep 21, 2020
Messages
42
Office Version
  1. 2019
  2. 2016
Platform
  1. Windows
you will need a helper column which writes scheduled hrs.' per week then another one that subtracts scheduled from worked to get the extra hrs and a third column which writes the amount she was to be paid that week then the fourth helper column will have the formula. first as i look in your photo there is no way to know much hrs she worked in a day so as to get how many hrs." she worked in total is she above, low or within the schedule.
 

padapinto

New Member
Joined
Sep 21, 2020
Messages
42
Office Version
  1. 2019
  2. 2016
Platform
  1. Windows
I have done a sample format of how you want your work to look like, as data and the formulas i have put. extra hrs will only appear as to what is higher between extra hrs n scheduled hrs. the formula illustrates so. since i see that you are dealing with timecard and billing, why not pass through this link, it has a free timecard you can dont forget toSUBSCRIBE also download too in the description. don't forget to SUBSCRIBE also
DATA.png
FORMULAS.png

 

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