Summary

Note: This calculation method is not displayed if Company Settings | FB Employer Type = "None".
See Company Settings - Tax Details (Aus).

Calculates the Quantity using the total unpackaged gross for the pay period being processed rounded to the nearest dollar.

Transaction total:

The lesser of Quantity Processed transaction total and Maximum amount

Unpackaged Gross

The unpackaged gross is the gross value before fringe benefit deductions and the negative employer benefit allowances are added. If the unpackaged gross is zero, then PayGlobal uses the normal gross.

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 a rate unit is used.
2. Obtain the value of Quantity Total using:

   Quantity Total = Unpackaged Gross calculated for the Pay Period being processed rounded to the nearest dollar

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