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.