Sounds like you want HOURS(), which takes a time value, and returns an integer value for the length of the value in hours (it truncates). Note that going over 24 hours requires subtlety.
There is a similar function that delivers the integer of MINUTES().
Anyway, I think you want something like
C1 will multiply the hours worked (rounded up) by the pay rate; for your example of 2:19 then it would be 3 * 8 = $24.
Anyway you can change that 0 to like 15 or 10 or 30 depending on where the cut-off is for switching hours. Paying fractions of an hour would not be difficult either.
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