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general:calculatingworkerscomp

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general:calculatingworkerscomp [2017/10/24 20:18] – emorenogeneral:calculatingworkerscomp [2017/10/24 20:41] (current) – emoreno
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 ====Calculating Workers' Compensation==== ====Calculating Workers' Compensation====
  
-  - For all pay frequencies, pay type 1 or 2 job:+For all pay frequencies, pay type 1 or 2 job:
  
 <WRAP Box> **Note**:  Examples below are for regular payroll calculations only. If the check originated from the Payroll Adjustments, Check Issue tab, the WC Gross is equal to the amount paid for each distribution gross pay amount. <WRAP Box> **Note**:  Examples below are for regular payroll calculations only. If the check originated from the Payroll Adjustments, Check Issue tab, the WC Gross is equal to the amount paid for each distribution gross pay amount.
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-  - Pay Type 3 Job Workers’ Comp Insurance Amount is calculated based on the Account Amount x WC Rate. +Pay Type 3 Job Workers’ Comp Insurance Amount is calculated based on the Account Amount x WC Rate. 
-  - Workers’ Comp Insurance Amount for Supplemental Pay is calculated based on the Account Amount x WC Rate. + 
-  - When the **WC Remain** field on the Job Info tab is zero, no workers’ compensation calculations will be performed for pay type 1 or 2 unless the payments are through supplemental transactions. +Workers’ Comp Insurance Amount for Supplemental Pay is calculated based on the Account Amount x WC Rate. 
-  - If a Workers' Comp code is included on a non-TRS transmittal, it is applied to both taxable and nontaxable amounts. + 
-  - Calculating Workers' Compensation for Overtime Payments: The extra pay for overtime is excluded from the workers' compensation calculation when employers use overtime codes 1, 2, 3, 4, and sometimes 5. If an employee worked overtime and was paid time and one-half (code 1), the half-time paid would be the extra portion and is not included in the workers' compensation calculations.+When the **WC Remain** field on the Job Info tab is zero, no workers’ compensation calculations will be performed for pay type 1 or 2 unless the payments are through supplemental transactions. 
 + 
 +If a Workers' Comp code is included on a non-TRS transmittal, it is applied to both taxable and nontaxable amounts. 
 + 
 +Calculating Workers' Compensation for Overtime Payments: The extra pay for overtime is excluded from the workers' compensation calculation when employers use overtime codes 1, 2, 3, 4, and sometimes 5. If an employee worked overtime and was paid time and one-half (code 1), the half-time paid would be the extra portion and is not included in the workers' compensation calculations.
  
 ^Example|{{page>general:example3}}| ^Example|{{page>general:example3}}|
general/calculatingworkerscomp.1508876305.txt.gz · Last modified: 2017/10/24 15:18 (external edit)

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