I’m trying to create an expense/income spreadsheet but my hours vary from week to week, therefore as part of the income section I have a place to enter my daily hours, call it the “Hours cell”. The problem I’m having is in calculating overtime hours.
Our pay is calculated as in any day over 8 pays OT for the 9th hour and on, AND any week over 40 regular hours, pays OT from then on. So I would need two arguments for a weekly total. It gets a little more difficult because Sundays pay Double Time as long as we’ve hit 60 TOTAL hours throughout the week.
A simple =MIN(8,”Hours cell”) and then another argument subtracting that value from the “Hours cell” yields the overtime hours worked in a day. However as the week progresses I don’t know how to add another argument to the Regular hours to calculate OT off the weekly 40.
I hope this makes sense, I didn’t want to ramble on and on. If anyone needs any clarification let me know. Thank you.
Clip of formula and results in right column, you can see the regular time exceeds 40 hours.
Clip of formula for Overtime calculation, added more hours to total in this clip to show Doubletime functionality.
This image is in response to gns100 as I understood his suggestion.