If the calculations/functions are associated with formatting for the view then i would go ahead and put the functionality in the view model, like your full name property this is correct in the view model. However if you have any functions/calculations that require domain logic, then i dont think view models are the place for that and that can reside either in the domain model for reusability, or somewhere where else in your business logic layer.
So the short answer - formatting for the view in view models, any domain logic elsewhere.