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Deduction Calc Method - S. Percentage of standard earnings

Organisation | Entitlements | Deductions | Details (iii) tab | Calculation method

Summary

PayGlobal uses the following steps to calculate the transaction total:

  1. Obtain the value of Rate as entered in the transaction. Generally rate code '0' and a rate unit used for this transaction. This will be used as a percentage value.
  2. Obtain the Quantity total using standard earnings using:
    • Waged Employees

      Quantity = Total Profiled Hours * Rate amount as defined in the employee's Rates

    • Salaried Employees

      Quantity = Rate amount as defined in the employee's Rates.

  3. Derive the Transaction total for this transaction using:

    Transaction total + Quantity * ( Rate / 100 )

  4. Obtain the value of Maximum amount as set in the Deduction | Details (i) tab.
  5. The transaction total used is:

    The lesser of Transaction total and Maximum amount

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

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