how to override calculated rate logic using one of the Element Input values

Summary:

We have a requirement for lot of elements(around 50) that they need to override the rate (hourly rate) of an employee using one of the element Input values( logic as what to override will be configured using UDT). Can this be done using rate formula or any other method ? Want to know options as how this can be done at one place instead of doing it individually at each FF for different elements

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