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Is there an Excel Formula in order to calculate the below, to avoid manual calculation? Example Overtime Pay Calculation if paid Hourly plus Commissions Hourly
Is there an Excel Formula in order to calculate the below, to avoid manual calculation?
Example Overtime Pay Calculation if paid Hourly plus Commissions
- Hourly Rate = $15 per hour
- Weekly Commissions = $100
- Total Weekly Hours = 50
- Regular rate = $15 x 50 hours = $750 + $100 commissions = $850 / 50 hours = $17 Regular Rate
- $17 x 40 hours = $680 Regular Pay
- $17 x 1.5 x 10 hours = $255 Overtime Pay
- TOTAL Weekly Pay = $935
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