Summary

This calculation method calculates the Quantity using the total gross for the pay period being processed.

The transaction total is calculated by:

The lesser of Quantity Processed transaction total and Maximum amount

Calculation

PayGlobal uses the following steps to calculate the transaction total:

1. Obtain the value of the Rate as entered in the transaction. Generally the rate code is set to '0' and rate unit is used.
2. Obtain the value of Quantity Total using:

   Quantity Total = Taxable Gross calculated for the Pay Period being processed

3. Obtain the Exclude first amount from the Details (ii) tab page of the deduction.
4. Calculate the Quantity using:

   Quantity = Quantity Total - Exclude first amount

5. Calculate the Transaction total for the transaction using:

   Transaction total = Quantity * (Rate/100)

6. Obtain the value of Maximum amount as set in the Details (i) tab page of the deduction.
7. Calculate the Transaction total as:

   The lesser of Transaction total and Maximum amount

8. Obtain the value of Min nett pay as set in the Details (i) tab page of the deduction.

Is the transaction total more than the nett pay?

Calculate the nett pay using:

Nett Pay = Min nett pay / 100

If the transaction total is more than the nett pay, the setting of the Full amount only field in the Details (ii) tab page of the deduction takes effect.

• Yes

  Transaction total is '0'. The full amount is only deducted if the transaction total can be paid.

• No

  The transaction total is recalculated using:

  Nett Pay = Nett pay * (Min nett pay / 100)

  This transaction total is rounded to the nearest dollar.

See also

Deduction Calculation Methods