WKR Budget Calculation
Your monthly WKR budget, also known legally as discretionary scope or free space, is determined by the total fiscal salary and the calculation terms you have set for a certain period on the Work-Related Costs Configuration page.
Based on the current Netherlands legislation, the WKR budget is 3.0% of your fiscal salary up to the baseline of 400,000 EUR, and 1.18% of the amount that exceeds this baseline.
The cumulative fiscal salary is used to compute the WKR budget. You can see the WKR budget for the month in the Accumulated Budget for the Month row.
Sample WKR Budget Calculation
The following is an example of how the WKR budget is derived using the given calculation terms:
-
Baseline for WKR Budget (W): 400,000 EUR
-
WKR Budget Above Baseline (A): 1.18%
-
WKR Budget Below Baseline (B): 3.0%
|
Month |
January |
February |
March |
|
Fiscal Salary (F) |
300,000.00 EUR |
300,000.00 EUR |
300,000.00 EUR |
|
Cumulative Fiscal Salary (C)
Note:
This component is not displayed in the report. |
300,000.00 EUR |
600,000.00 EUR |
900,000.00 EUR |
|
Formula to compute WKR Budget |
F * B = 300,000 * 3.0% Because the fiscal salary is below the baseline of 400,000 EUR, 3.0% is used to get the WKR budget. |
(W * B)+[(C-W)*A = (400,000 * 3.0%) + [(600,000 - 400,000)* 1.18% Because the cumulative fiscal salary is above the baseline, first, 3.0% is used for the fiscal salary up to 400,000 EUR (W * B). For the amount over the 400,000 (C-W), 1.18% (A) is used. |
(W * B)+[(C-W)*A] = (400,000 * 3.0%) + [(900,000 - 400,000)*1.18%] |
|
Accumulated Budget for the Month (WKR Budget) |
9,000.00 EUR |
14,360.00 EUR |
17,900.00 EUR |