Weekly Time Sheet

Overtime pay is calculated: Hourly pay rate x 1.5 x overtime hours worked. Here is an example of total pay for an employee who worked 42 hours in a workweek: Regular pay rate x 40 hours = Regular pay, plus. Regular pay rate x 1.5 x 2 hours = Overtime pay, equals.

Type the formula "=a2b2" in cell C2. This formula multiplies the employee's hourly rate by the number hours the employee worked per week. Change the number format of the cell to currency.

Tip: You can also add up times by using the AutoSum function to sum numbers. Select cell B4, and then on the Home tab, choose AutoSum. The formula will look like this: =SUM(B2:B3). Press Enter to get the same result, 16 hours and 15 minutes.

Determine the employee's base pay. Calculate the weighted average pay rate. Determine the weighted overtime total. Calculate the total earnings. 20 hours X $20 + 20 hours X $15 +10 hours X $10 = $800; $800/50 total hours = $16 per hour.

Here's how you calculate time in a daily Excel timesheet template: Insert =sum(D8+F8) into the "Daily total" cell (marked as G8 in this timesheet example). As soon as employees type the hours in the "Morning hours" and "Afternoon hours" cells, this time automatically gets added to the "Daily total".

Step 1: Data Entry. Step 2: Calculate hours worked. Step 3: Calculate Pay. Step 4: Drag down and finish. Create a basic timesheet as described in Part A, Step 2: Data Entry. Step 3: Calculate Hours worked. Create a basic timesheet as described in Part A.

For hourly, nonexempt employees, FLSA overtime is determined by multiplying the regular rate of pay by 1.5 and then multiplying the result by the number of overtime hours for the workweek. Let's say the employee makes $15 per hour and has 48 hours for the workweek.

- Triple time which indicates that your regular rate multiplied by 3; - Triple time and a half which means your standard rate is multiplied by 3.5; - Or can be a quadruple time which is normal pay rate multiplied by 4, or even a customizable value by case (Other). Overtime hours worked and pay period (both optional).

In the cells which you want to calculate the payment for regular hours and overtime, enter the formula =F8I2 and formula =G8J2 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.