There may be times when you need to calculate the gross amount for a bonus Payroll check where you want to pay a specific amount and withhold “1 for Bonus Pay.”
NOTE: Please keep in mind that the Financials software is not responsible for calculating users’ gross wages, but the following percentage may be used as a general guide.
For a visual tutorial, see the Calculating Gross for Even Bonus Checks video.
NOTE: Keep in mind that if state, county or local taxes are to be withheld, the percentages would have to be adjusted to include those rates as well.
For additional information, visit the Financials Online Help.