What is the formula for calculating overtime in Excel?
In the cells which you want to calculate the payment for regular hours and overtime, enter the formula =F8*I2 and formula =G8*J2 separately, see screenshots: In the formula, F8 and G8 are the cells containing total regular hours and total overtime, I2 and J2 contain the payment per hour.
How do you calculate overtime in sheets?
Calculate Total Pay
To breakdown the formula, (F5*H5) calculates the pay for the regular hours and (G5*H5*1.5) calculates the pay for working overtime. By adding these two, we get the total pay.
How do you calculate hours worked?
Related Question how to calculate overtime hours in excel
How do you calculate 8 hour work days?
How do you calculate 30 Minutes Overtime?
The standard overtime rate is 1.5 times the employee's regular hourly wage. This number is also commonly known as “time-and-a-half.” So if one employee makes $15 per hour, their overtime rate is $22.50 per hour ($15 x 1.5). If another employee makes $25 per hour, their overtime rate is $37.50 per hour ($25 x 1.5).
How are double overtime hours calculated?
How do you calculate overtime pay per hour?
How do I change 24 hours to 12 hours in Excel?
How do I convert hours to weeks in Excel?
To convert an hour measurement to a week measurement, divide the time by the conversion ratio. The time in weeks is equal to the hours divided by 168.