TimeTrex Time and Attendance

In Dominican Republic the cap on some taxes and deductions is a monthly amount not a yearly one. I see the advanced percent option only allows yearly values which will not work the same way. Is there a way to do this?

Thanks,

Gregory

How often do you pay your employees?

Monthly pay period schedule, running 11.1

TimeTrex uses annual amounts almost across the board for consistency sake, in most cases whatever value you enter for that is calculated to get a per pay period amount. Since your pay period schedule is monthly, then it would be a per month amount.

So have you tried entering the monthly amount multiplied by 12? As TimeTrex will just divide it by 12 to get a per pay period amount anyways.

No. I was afraid that say for example case the limit is $12,000 per year in earnings for taxable amount and that would become $1,000 per month limit. But, in other systems if earnings are $2,000/mo it would deduct tax on $2,000/mo until $12,000 is reached (Jun) and nothing after that. Is that how TimeTrex works? or will it only calculate based on $1,000/mo even if yearly max has not been reached?

TimeTrex will work the way explained in my previous post, so I would recommend giving that a try and testing it.