Embedded bigger than smaller than-IF issue

Hi,

Just need bit of help with a formula. Basically i'm trying to work out overtime rates for employees.

The jist of the problem is that employees are paid their normal wage up untill 37.5 hours of work. From 37.5 to 40 hours of work they are paid 1.5 times their wage. Any hours over 40 are paid at 2 times the regular wage.

So i need a formula that can work out their total pay. Im not sure what i could put in a dummy document to help you since it would just be one cell for their hourly wage, one for their hours worked and then one for the calculation. so you can reference any cell as an example and assume £6 as hourly rate

Cheers!