Calculating deductions from gross income?

I have a field that contains monthly gross income. From this, I want to add some formulas beneath it that figures out:

1.) what 8% of the monthly gross income is
2.) what 1.4% of the monthly gross income is
3.) what the remaining monthly gross income is after these deductions

Thanks!

Hi Fred, welcome to the forum.

Please take a moment to read the forum rules and then amend your thread title to something descriptive of your issue. There is a link to the rules in my signature below.

Thank you.