Choose the Equals __ Percent Of option if you want this entitlement to be incriminated on every paycheque as a percentage of hourly wages. If you choose this selection, enter a percentage and select the hourly wages from the list to indicate which hours the percentage will be calculated upon.
The percentage you enter here depends upon how you want your employees' holiday days to be accumulated. If you want your employees to accumulate a specific number of holiday days per year as a percentage of hourly wages on every paycheque, you'll need to divide the total number of holiday 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.
For example, assume your employees receive 20 holiday days per year. Based on a 40-hour work week, they actually receive 160 holiday 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 Of and enter 7.6923 for the percentage here.
Select Gross Hours from the Percent Of list if you want this entitlement to be a percentage of all hourly wages you pay an employee.
Select Federal Hours from the Percent Of list if you want this entitlement to be a percentage of all taxable hourly wages you pay an employee. This selection excludes those hourly wages that you've made exempt from tax.
You can repeat this task as many times as needed.