Bonus Calculations Formulas for Gross Up Bonus and Regular Bonus

Sample Bonus $2000.00

Sample Fed Withholding: 22%

Open the Full Payroll Menu

Navigate to ‘Payroll Calc. Formula’

Step 1: Create a New Formula ‘GROSSUP” and give it a description

Step 2: To edit, go to ‘Setup’ and ‘Lines’

Step 3: Add the Fixed Amount and Percentage

Step 1: IF you already have a regular Bonus created, you can copy and create a duplicate copy. Rename it and give it a new name and description.

You can also create from scratch as we did with the Gross Up calculation.

Step 2: Add the new name

Step 3: Add a description

Step 4: Select the Line and go to ‘Setup’ and ‘Lines’ to edit

Step 5: Remove all that do not apply (see example below)

HR and Payroll for Business Central