Converting time into Dollars

EE Professionals,

I have a timesheet that has a Time-In and a Time-Out.  I am trying to calculate the amount of time that transpires between the In and Out record (Column E) and then simply multiply it times a Rate per Hour to give me a result.  I need the formula for calculating Column E.

Much thanks in advance,

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Saqib Husain, SyedEngineerCommented:
Try this formula

Saqib Husain, SyedEngineerCommented:
Or simply

Bright01Author Commented:

Thanks for the formula.  Unfortunately it doesn't work.  4pm to 1am isn't .38 hrs. (Column E).

Can you take a look at the spreadsheet?

Thank you,

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Saqib Husain, SyedEngineerCommented:
Format the cell as [h]:mm
Bright01Author Commented:
Got it.  Now look at G.  What is the formula I use to calculate the Amount?

Right now I'm using   =(([@Hours]*Hourly_Rate)+[@Additional]), but that's not working.

Thank you!

Saqib Husain, SyedEngineerCommented:

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Bright01Author Commented:
Seems so simple!  Much great.

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