What Is a Timesheet?
Calculating Hours
Daily hours = end time − start time − unpaid breaks. For payroll, minutes are often converted to decimal hours: 7 hours 45 minutes = 7.75 hours.
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🔗 Related Terms
More Income & Work Terms
- Billable Utilization Rate
- Bonus
- Business Overhead
- Commission
- Cost to Company (CTC)
- Cost-of-Living Adjustment (COLA)
Last updated: September 27, 2026. This definition is for general educational purposes only. It is not financial, investment, tax, legal, or medical advice, and it does not recommend any product or course of action. For decisions about your own situation, consult a qualified professional.