Description of Issue
What are the suggested deduction code ranges?
Context
- Deduction and Benefit Master
Cause
Resolution
The following are the suggested Deduction Code Ranges
Deduction # | Description |
---|---|
1000-1010 | FICA |
1100-1110 | Medicare |
2000-2299 | Tax Sheltered Annuity |
2300-2399 | OPEN - User Defined (Can be used for pre-tax retirement) |
2400-2799 | Section 125 (FICA-exempt) |
2800-2999 | Deferred Compensation |
3000-3010 | Federal Income Tax |
3100 | EIC - Earned Income Credit |
4000-4999 | State Income Tax |
5000-5999 | Local Income Tax |
6000-6999 | Garnishments/levies |
7000-7999 | Retirement (State, County, and so on) |
8000-8999 | Post-tax Benefits, Union Dues, Other Miscellaneous Deductions |
9000-9999 | Recommended to set 9999 as Net Direct Deposit |
Additional Information
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