Retainage Calculations
This table shows how the system calculated the retainage for each billing line:
Billing Line |
((Cost Amount) + (Markup)) × (Retainage Amount) = (Billing Line Retainage Amount) |
|---|---|
001 |
(1,200.00 + 25.00) × .10 = 122.50 |
002 |
(6,000.00 + 00.00) × .10 = 600.00 |
This table shows how the system calculated the discount for each billing line:
Billing Line |
((Cost Amount) + (Markup) – (Retainage)) × (Discount Percent) = (Discount Amount) |
|---|---|
001 |
(1,200.00 + 25.00 – 122.50) × .01 = 11.03 |
002 |
(6,000.00 + 00.00 – 600) × .01 = 54.00 |