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When you click on Two Tiered Calculation you will see 4 more fields:
Annual Threshold |
% to apply to Lower Tier |
% to apply to Higher Tier |
Prorate Threshold |
Example 1, if you specify:
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- Employee is paid Monthly
- Employee has $4000.00 paid on January timesheet
- 2% of $4000.00 is $80.00
- Result would be $80.00
Acclaim will use the lower tier percentage until the year-to-date of this category is reached to annual threshold ($800.00), then the program will use the higher tier percentage.