Summary

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

The Quantity of a transaction that uses this deduction calculation method is:

The lesser of the unpackaged gross for the period or the standard earnings for the period

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 Rate as entered in the transaction. Generally rate code '0' and a rate unit would be used for this transaction.
2. Obtain the Quantity using:

   Quantity = The lesser of:
   Unpackaged Gross calculated for the pay period being processed
   -or-
   Total profiled hours * Employee's default rate * number of weeks in the pay period

3. Calculate 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