general:abbreviationcode
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| general:abbreviationcode [2018/07/24 18:19] – external edit 127.0.0.1 | general:abbreviationcode [2018/10/12 18:52] (current) – emoreno | ||
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| - | * If a D1 deduction code is added to the employee’s master deduction record, the system will calculate the amount to withhold based on the employee’s pay and the percentage in the 457 Deferred Compensation table. This amount is automatically entered in the **Net Amount** field of the employee’s master deduction record and is updated each time a payroll is processed for this employee. | + | If a D1 deduction code is added to the employee’s master deduction record, the system will calculate the amount to withhold based on the employee’s pay and the percentage in the 457 Deferred Compensation table. This amount is automatically entered in the **Net Amount** field of the employee’s master deduction record and is updated each time a payroll is processed for this employee. |
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| + | If a D2 deduction code is added to the employee’s master deduction record, the amount entered in the **Net Amount** field is the amount that the system deducts from the employee’s pay each time a payroll is processed. It is your responsibility to determine the Net Amount and enter it into the employee’s master deduction record. | ||
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| + | If a DC deduction code is added to the employee' | ||
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| + | If an AN deduction code is added to the employee' | ||
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| + | The HS abbreviation code should always be used for a Health Savings Account (HSA) deduction. | ||
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| + | One of the following abbreviation codes can be used for a Flexible Spending Arrangement (FSA) deduction: HI, M1, M2, or M3. | ||
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| + | The **Cafe 125** field must be selected in order for the Health Savings Account (HSA) and Flexible Spending Arrangement (FSA) deductions to be tax sheltered. | ||
| - | * If a D2 deduction code is added to the employee’s master deduction record, the amount entered in the **Net Amount** field is the amount that the system deducts from the employee’s pay each time a payroll is processed. It is your responsibility to determine the Net Amount and enter it into the employee’s master deduction record. | ||
| - | * If a DC deduction code is added to the employee' | ||
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| - | * If an AN deduction code is added to the employee' | ||
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| - | * The HS abbreviation code should always be used for a Health Savings Account (HSA) deduction. | ||
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| - | * One of the following abbreviation codes can be used for a Flexible Spending Arrangement (FSA) deduction: HI, M1, M2, or M3. | ||
general/abbreviationcode.1532456394.txt.gz · Last modified: 2018/07/24 13:19 (external edit)