IF function

lildoe_onfire

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Joined
Aug 25, 2002
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1
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?

Paddy
 
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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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