This page (revision-6) was last changed on 31-Aug-2022 11:03 by Karen Parrott

This page was created on 26-Nov-2021 10:22 by JMyers

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Version Date Modified Size Author Changes ... Change note
6 31-Aug-2022 11:03 7 KB Karen Parrott to previous
5 24-Jun-2022 11:31 6 KB Kevin Higgs to previous | to last
4 26-Nov-2021 10:22 5 KB JMyers to previous | to last
3 26-Nov-2021 10:22 5 KB JAiken to previous | to last
2 26-Nov-2021 10:22 5 KB JMyers to previous | to last
1 26-Nov-2021 10:22 330 bytes JMyers to last

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PREMIUM_CALC_RULE
PREMIUM_CALC_RULE

Version management

Difference between version and

At line 20 removed 4 lines
|21|Increase Wage by Flat Amount|Premium Rate as a Flat Amount + Employee’s Rate\\Premium Type attached to [IPPC]\\Created when Pay Line is created/saved|Yes|Premium Rate = 5.00\\Rate Basis = HR (from [ISPM] form)\\EE’s Wage Rate on payline = 25.00/Hour\\Calc = 5.00 + 25.00\\Result = $30.00 per hour for each transaction with this premium attached\\[IPPC] line details rate source must be set up with;\\'Prime + Premiums'\\'Assign + Premiums'\\'Job/Posn + Premiums'\\'Job + Premiums'
|23|Increase Wage by Percentage|Premium Rate as a Percentage + Employee’s Rate\\Premium Type attached to [IPPC]\\Created when Pay Line is created/saved|Yes|Premium Rate = 10.00\\Rate Basis = HR (from [ISPM] form)\\EE’s Wage Rate on payline = 50.00/Hour\\Calc = (10/100*50.00) + 50.00\\Result = $55.00 per hour for each transaction with this premium attached\\[IPPC] line details rate source must be set up with;\\'Prime + Premiums'\\'Assign + Premiums'\\'Job/Posn + Premiums'\\'Job + Premiums'
|24|FF PPL RRM Prem x EV x UVar|Follow Pay Line Salary Rate method Premium Rate X Entered Value X PC User Variable Rate\\Premium Type attached to [IPPC]\\Created when Pay Line is created/saved\\The premium follows the calculation of the Pay Line rate, i.e. if Pay Line is 'variable rate' then the premium is using the same 'variable rate' logic to calculate the premium amount|N/A|Premium Rate = 2100\\Rate basis = YR (from ISPM form)\\**IPPH - Variable Rate\\Pay Line PC has Type=Computed Value and Salary Method=Variable Rate(Hours)\\Pay Period has 11 working days\\Entered Value = 8 \\Time PC basis = HR (from transaction)\\EE’s Hours/Day = 8\\User Variable Rate = 1\\Calc = 2100 / 24 / 88 * 8\\Result = $7.954545 =$7.95\\**IPPH - Annualized Rate\\Pay Line PC has Type=Computed Value and Salary Method=Annualized\\Entered Value = 8 \\Time PC basis = HR (from transaction)\\EE’s Hours/Day = 8\\User Variable Rate = 1\\Calc = 2100 / 52 / 40 * 8\\Result = $8.076923 = $8.08
This page (revision-6) was last changed on 31-Aug-2022 11:03 by Karen ParrottTop