Variables can appear in an equation on either side of the equal sign (=). Legal variables are all of the 26 letters of the alphabet, plus four special variables as follows:
ANSWER- This variable must appear on the left side of an equal sign in at least one equation, since it is through the ANSWER variable that the calculation result is reported back to whichever program needed the result.
TAXABLE_GROSS- If the 'Appears on Payroll Tax Report Menus' field is checked, this variable must appear on the left side of an equal sign in at least one equation, since this value is needed when printing the Payroll Tax report and the Exception report.
LIMIT -Certain state forms require the limit to be reported on the form. If this is the case, the LIMIT variable can be set to the answer required by the state.
PERCENT -Certain state forms require the tax rate percentage to be reported on the form. If this is the case, the PERCENT variable can be set to the answer required by the state.
TAX_AMT1- This variable is used for the regular tax amount.
TAX_AMT2- This is used to calculate additional tax needed for higher earners.
TAXABLE_GROSS2- This variable is used to identify the wage amount to apply the additional TAX_AMT2.
PERCENT2 - This is used to identify the percentage for the health insurance tax.
You must subscribe to a Sage Business Care plan to access payroll formulas within Sage 50.
Remember that to set the value of a variable, that variable must appear on the left side of the equal sign (=) in an equation. To use the value of a variable, that variable must appear on the right side of the equal sign in an equation. A variable can appear on both sides of the equal sign, even in the same equation.
For example:
S = 4500
sets the value of the variable S to 4500, while
ANSWER = S + 500
sets the value of the variable ANSWER and uses the value of the variable S. If the first equation above had been used to set the value of the variable S to 4500, then the second equation would set the value of the variable ANSWER to 5000.