IF function

lildoe_onfire

New Member
if Hours,=40, then Gross Pay= Rate*Hours, otherwise Gross Pay = Rate * Hours + .5 * Rate* (Hours-40)

What in the World does this mean? I am so confused

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Hi - welcome to the board.

It means you get paid time & a half for any hours worked over 40 hours.

Need any more?

Book4
ABCDEF
1RateHoursWorkedPay-allatnormalratesPaywithovertime
2EmployeeA\$10.0039\$390.00\$390.00
3EmployeeB\$10.0040\$400.00\$400.00
4EmployeeC\$10.0041\$410.00\$415.00
5
6
7IF(C2<=40,C2*B2,(40*B2)+(C2-40)*(B2*1.5))
8Thissays-ifc2islessthanorequalto40,multiplyc2byb2.
9I.E.Ifyou'veworked40hoursorless,yougetpaidatthestandardhourlyrate.
10But,ifyouhaveworkedover40hours,yougetpaidatthestandardrateforyour
11first40hours(40*B2)plusyougetpaidattimeandahalffortheextrahours.
12So,workouthowmanyhoursthatis(c2-40)andmultiplythisby1.5timesthe
13standardhourlyrate(C2-40)*(B2*1.5)
14
15
Sheet3

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