Setting Up Polices

General support regarding TimeTrex, such as
configuring policies/taxes or processing payroll.
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nth0mth0m
Posts: 32
Joined: Fri Nov 15, 2019 9:39 pm

Setting Up Polices

Post by nth0mth0m »

Hello. How do I set up a policy so that the following situation will occur on day by day basis:

Example Employee Wage is 10/hr:

Employee Works 9 hrs of: 8 regular time, 1 overtime (x1.5 rate)

Employee gets pay stub amendment: $10.00

How can I set up polices that will calculate a "regular rate of pay" = 8 x 10 = 80 + 1 x 15 = 95 as well as the $10 from ammendment totaling $105 which is equal to 105/9 = 11.67 effective rate

then compare to $12hr min which would trigger a premium of $2.97

can this be accomplished?
shaunw
Posts: 7839
Joined: Tue Sep 19, 2006 2:22 pm

Re: Setting Up Polices

Post by shaunw »

Can you please provide more details as to what the actual real-world scenario is that you are working with and what the $10 amendment is?
nth0mth0m
Posts: 32
Joined: Fri Nov 15, 2019 9:39 pm

Re: Setting Up Polices

Post by nth0mth0m »

Yes so basically the amendment is a misc entry that only reports tips paid for tax purpose (it doesnt add to their paychecks).

In Colorado the min wage is 12/hr but you are allowed to take 3.02/hr credit for tipped employees. In this unlikely scenario but possible,suppose an employee works an 8 hr day with (8 * 8.98 = $71.84) The other $3.02/hr difference has to be made up through tips. So in this case if an employee only made $16 in tips which is entered as this amendment, we as the employer have the responsibility to give the employee the difference (in this case) $8.16.
shaunw
Posts: 7839
Joined: Tue Sep 19, 2006 2:22 pm

Re: Setting Up Polices

Post by shaunw »

Unfortunately TimeTrex does not have that functionality at this time.
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