Page 1 of 1

Setting Up Polices

Posted: Wed Jan 22, 2020 11:20 pm
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?

Re: Setting Up Polices

Posted: Thu Jan 23, 2020 9:17 am
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?

Re: Setting Up Polices

Posted: Sat Jan 25, 2020 12:11 pm
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.

Re: Setting Up Polices

Posted: Mon Jan 27, 2020 9:39 am
by shaunw
Unfortunately TimeTrex does not have that functionality at this time.