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  #1  
Old 07-30-2002, 07:22 AM
Tafari Tafari is offline
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Join Date: Jul 2002
Posts: 33
Question 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
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Tafari Makonnen
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  #2  
Old 07-30-2002, 07:54 AM
riscniaga riscniaga is offline
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Join Date: Jul 2001
Location: Malaysia
Posts: 85
Lightbulb

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)
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Raja Iskandar Shah
http://norazilaco.biz
business software for malaysian business
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