Why 48.0 hours? Because the page includes the first 8 hours, which are from your previous week, and adds them all up. Those 8 hours (of the previous week) show as part of this week since your 'out punch' is on Wednesday, the first day of the time reporting week. But when you submit all your time, your manager will only receive the time entered as 'in punch' of 11pm on Wednesday 10/21 to your 'out punch' of 7am on Wednesday 10/28 which adds up to 40 hours.