I am looking for a formula to calculate regular hour rates and overtime
hour
rates when the total income is already known. Overtime rate is 1.5 more
per
hour than the regular rate. An example would be:
total wages = $85,000
number of regular hours = 2,000
number of overtime hours = 150
regular hours rate = ?
overtime hours rate = ?
I can work this out long hand, but would like to discover a formula.
Regards,
Gary
