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  • Payroll Formulas Not Working

    Greetings

    I am trying to use Peachree Payroll in a non-US territory.
    The formulas are as follows:
    Global Tax Tables
    Stabilization Levy
    LIMIT=9000.00;
    PERCENT=4.00;
    TAXABLE_GROSS=YTD_LIMIT(ADJUSTED_GROSS,LIMIT);
    ANSWER=-(TAXABLE_GROSS*PERCENT%)

    The limit is not working, when I select payroll, all employees
    paying the levy. How can I fix this?

    Company Tax Tables
    PAYE
    R=.2;TAXABLE_GROSS=ADJUSTED_GROSS-1250;ANSWER=-TAXABLE_GROSS*R
    Social Security

    LIMIT=15000.00;
    PERCENT=3.00;
    TAXABLE_GROSS=YTD_LIMIT(ADJUSTED_GROSS,LIMIT);
    ANSWER=-(TAXABLE_GROSS*PERCENT%)

    Social Security ER
    LIMIT=15000.00;
    PERCENT=7.00;
    TAXABLE_GROSS=YTD_LIMIT(ADJUSTED_GROSS,LIMIT);
    ANSWER=-(TAXABLE_GROSS*PERCENT%)


    Some employees are not calculating their deductions at all.
    why is that? How can I fix it?
    Anyone else has this problem?

    Cheers
    Tafari Makonnen

  • #2
    this may help.

    instead of putting the limit on your formula, put the limit in the table and amend your formula as:

    TAXABLE_GROSS=YTD_LIMIT(ADJUSTED_GROSS,LIMIT);
    ANSWER=-table(TAXABLE_GROSS)
    Raja Iskandar Shah
    http://norazilaco.biz
    business software for malaysian business

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