What_is_a_calculation_formula_

What is a calculation formula?

Use Calculation Formulas to set up a new formula, edit an existing formula, or delete an old formula. All formulas used in the Payroll program are stored in this table. Then, you can use the calculation formula to set up the options in the Calculations table. When a routine uses a calculation, the calculation will look up the corresponding calculation formula, calculation table, and pay code type.

Examples of formulas that are commonly used in the Payroll application: Federal Withholding, Federal Earned Income Credit, State Withholding.

This is an example of a calculation formula for calculating the federal withholding amount.

 

Federal Withholding Calculation Formula

 

Related links:

How do I add a calculation formula?

How do I use operators and variables in a formula?

 

 

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