You wish to calculate the total pay for an employee who receives regular time for 40 hours, time and a half for 40-50 hours, and double time for over 50. Using the IF function. Please help
To calculate the total pay for an employee based on their hours worked using the IF function, you can follow these steps:
1. Start by determining the regular time pay, which is applicable for the first 40 hours.
2. Check if the employee worked more than 40 hours. If true, subtract 40 from the total hours worked and store the result in a separate variable.
3. Use the IF function to check if the result from step 2 is greater than 10. If true, it means the employee worked more than 50 hours and is eligible for double time pay.
4. If step 3 is false, use the IF function to check if the result from step 2 is greater than 0. If true, it means the employee worked between 40 and 50 hours and is eligible for time and a half pay.
5. Calculate the total pay using the appropriate pay rate for each condition identified in steps 3 and 4.
Here's an example formula you can use to calculate the total pay in Microsoft Excel or Google Sheets:
```
=IF(B2<=40, B2*A2, IF(B2>50, 40*A2 + 10*1.5*A2 + (B2-50)*2*A2, 40*A2 + (B2-40)*1.5*A2))
```
In the formula, "B2" represents the total hours worked, and "A2" represents the hourly rate. Adjust these cell references based on your specific worksheet layout.
Simply replace "B2" and "A2" with the appropriate cell references, and the formula will calculate the total pay for the given employee based on the conditions mentioned above.