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Overtime Pay
Calculating overtime pay for employees in Excel
 
Q: I have a simple employee time sheet showing how many hours each employee has worked this week. How can I calculate the correct amount to pay them if I have to figure in overtime pay? If the employee works up to 40 hours, they get their normal pay rate. From 40 to 50 hours is time-and-a-half, and over 50 hours is double-time.
   
A: You can use some simple calculations and IF functions to figure this out. For example, in the sheet below, to calculate how many "normal" hours (40 and under) you can say: 
 
  =IF(I2<=40,I2,40)

 
   
 

Here is a FREE video tutorial that shows you how to set this sheet up step-by-step:
 
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