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.
- On the Site Map, click Payroll > Maintenance > Formula.
- At the Code field, enter a new code for this formula (for example, MAX40).
- At the Descriptions field, enter a code description (for example, UNION FRINGE MAX 40 HOURS).
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In row 1 enter the following information:
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Result = T1
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1st factor = A
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Operator = MIN
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2nd factor = 40
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In row 2 enter the following information:
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Result = A
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1st factor = T1
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Operator = *
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2nd factor = V1
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- Click the User Defined button.
- In the V1 description field, type UNION FRINGE RATE(S) and click OK.
- Click OK again to save your formula.