tax formula entry problem

[peachpotter]

When I enter a tax formula into the Company Payroll tax table I get the following error: "One of the payroll tax tables has a variable that is not defined"

If anyone can identify what is missing or wrong with the formula I would appreciate any help here.

the formula is as follows:

limit=7000.00;
percent=0.00;
taxable_gross=ytd_limit(adjusted_gross,limit);
answer=-taxable_gross*percent%

thanks for any help

[mute]

I think it has something to do with how you are defining your limit, try this format.

PERCENT=0.0;
TAXABLE_GROSS = YTD_LIMIT (ADJUSTED_GROSS, 7000);
ANSWER = -TAXABLE_GROSS * PERCENT%

Also, you have a zero percentage entered. It looks like to me that you are trying to do your FUTA calculation, if that is the case your would then enter percentage as 0.8.
Good luck.
Heather

[peachpotter]

thanks for the help, but it did not do the trick. Does anyone have an exact formula I can copy? I am not really familiar with this in peachtree.

any further help is so appreciated.
thanks,
Richard