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Configurable salary component from the salary basis configuration

Hello Team,

Is it possible to set up a salary component as a Fast Formula while using a simple component in the salary basis configuration?
If yes, can you please assist?
If not possible, how can we create a variable component based on specific calculations? Should this be done on the element creation? If so, how can we connect this element to the newly created component?

Thanks in advance.

Raven

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