Section 1: New Payroll Formula settings

1. Go to File, Payroll Formulas, and select User-Maintained.
2. Set up the formula by giving it a Unique Formula ID.
3. Select the appropriate classification at the How do you classify this formula? drop-down.
   Note: If Selecting Tax, specify the appropriate Tax agency and the appropriate State and Locality as necessary.
4. Select the appropriate drop-down for the following:
   • Effect on gross pay
   • Filing status
5. In the formula field, enter the formula content. For basic content examples, refer to Section 2.

Section 2: Basic formula examples

Note: The Formula field is case-sensitive. The percent in the formula should be entered as a decimal percentage. (Example. 20% would be represented as 0.20 when used in formula creation).

• Formula based on Gross:
  
  ANSWER=-GROSS*(percent)
  The (percent) value should be entered as a decimal percentage (for example: 0.20 to represent 20%)
  
  
• Formula using the Special fields on the Withholding Info tab of the employee record:
  
  
  • ANSWER=-EMP_SPECIAL1_NUMBER/100
  • ANSWER=-EMP_SPECIAL2_NUMBER/100
  
  The /100 would turn the amount entered in the Special 1 or Special 2 field into a percentage calculation
• Formula using the Special fields for a flat amount:
  
  
  • ANSWER=-EMP_SPECIAL1_NUMBER
    For use as an employee deduction or company portion.
  • ANSWER=EMP_SPECIAL1_NUMBER
    For use as an employee benefit.

Note: When creating a formula using Hourly and Salary fields, ensure that you capitalize the names, HOURLY and SALARY. How do the payroll formulas work?