You’re offline. This is a read only version of the page.
12
I have set up a taxable benefit and need it to be included in the calculation as gross income for our retirement plan calculation that is based on a percentage of taxable income. What am I doing wrong that it is not using for the calculation?
*This post is locked for comments
I have the same question (0)
Hello Christy,
That is not an allowed feature at this time. Deductions can only be based as a percentage of Pay Codes, not based on Paycodes and Benefits. It would be a good feature suggestion, although I think it might be difficult to program for that. You could end up with the case where the retirement benefit (employer amount) would need to be based on the amount of the deduction, which is based on the amount of paycodes plus deductions... it just sounds difficult and a bit circular to me. (I'm not a programmer!)
As a work-around for now, you could make an adjustment to the 401K deduction either on the last check of the year, or the last check for an employee that is terminating, to adjust to the correct amount for the year.
Share
Report
All responses (
Answers (
