Is it legal to charge overtime rates but not pay overtime to your employees?

Bibliophilia asked:

My employer just won a bid on a job where I will be working a night shift. They are charging the customer our overtime rates, but apparently won’t be paying the employees overtime pay. I was wondering if this is legal or not, it certainly feels unethical but I can’t determine if it is actually illegal. I live in Washington State, I’m not sure if this makes a difference or not.

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How to create a formula in excel with a threshold. For example overtime pay for hours over 40?

Kristina B asked:

Creating a spreadsheet that shows employees and hours worked for a period then in another column calculates pay both regular and overtime. Need to create a function in the overtime pay column which will calculate any hours over 40 at 1.5 (given in the assumption.

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