General support regarding TimeTrex, such as
configuring policies/taxes or processing payroll.
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dawnyee
- Posts: 9
- Joined: Wed Jun 20, 2007 9:25 pm
Post
by dawnyee »
I am a newlie on TimeTrex and i have installed the 1.6.6 version, I would like to ask if the following tax scenarios can be set in the system:
For the salary below $20000, 5% deduction is used, and i can use advanced percent to make it
But for the salary above $20000, $1000 is deduced, i don't know which calculation can be used.
thx for your kind assistance
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shaunw
- Posts: 7839
- Joined: Tue Sep 19, 2006 2:22 pm
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by shaunw »
Please see section 2.8 of the Administrator Guide which explains the Advanced Percent (Tax Bracket) formula.