Calculating Union Fringe Rates Up to 40 Hours

Follow the steps below to set up a formula that can be used to calculate the Union Fringe Rate up to a maximum of 40 hours.

  1. On the Site Map, click Payroll > Maintenance > Formula.
  2. At the Code field, enter a new code for this formula (for example, MAX40).
  3. At the Descriptions field, enter a code description (for example, UNION FRINGE MAX 40 HOURS).
  4. In row 1 enter the following information:
    • Result = T1

    • 1st factor = A

    • Operator = MIN

    • 2nd factor = 40

  5. In row 2 enter the following information:
    • Result = A

    • 1st factor = T1

    • Operator = *

    • 2nd factor = V1

  6. Click the User Defined button.
  7. In the V1 description field, type UNION FRINGE RATE(S) and click OK.
  8. Click OK again to save your formula.