I am setting up payroll in Peachtree. But I am having difficulty setting up a formula that will calculate a benefit paid by the employer that automatically calculates on the basis of hours worked. The company pays regular hours and overtime. It also pays a pension benefit of $3.15 per hour not to exceed 40 hours. Thus, I want the benefit to calculate on the ER side, and post to the general ledger (expense and accrual accounts). But, I need the formula to enter in the Tax Tables, Company. Can anyone help me. Would appreciate.
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