If you choose this selection, enter a percentage and select the hourly wages from the list to indicate which hours will be used to calculate the percentage.
The percentage you enter here depends on how you want your employees' vacation days to be accumulated. If you want your employees to accumulate a specific number of vacation days per year as a percentage of hourly wages on every paycheck, you'll need to divide the total number of vacation hours your employees accumulate in a year by the number of hours they work in a year to come up with the exact percentage you should enter in this field.
Say, for example, that your employees receive 20 vacation days per year. Based on a 40-hour work week, they actually receive 160 vacation hours per year and are available to work 2,080 per year (52 40-hour weeks). Divide 160 by 2,080; this equals .076923, or 7.6923 percent. Enter 7.6923 for the percentage here.
From the Percent Of list, select: