Deduction Calc Code 10-Percent of Federal

Owned by Knowledge Assistant
May 15, 2024
1 min read
Description of Issue

How does a Deduction Code set up with Calc Code 10: Percent of Federal function?

Context

  • Enterprise ERP Payroll

  • Deduction and Benefit Master

  • Employee Deductions

Cause

Resolution

Deduction Calc Code 10: Percent of Federal will calculate the withholding based on the defined percentage and the total amount calculated for the employee under any deduction code 3000:3010, used for Federal Income Tax Deductions. The percentage can be entered on the Employee Deduction record in the Employee Amt/Pct field, or if the percentage should be the same for the employees, can be defined in the Deduction and Benefit Master record.

Example:

  1. Employee Amt/Pct: 10

  2. Total Withholding for FIT in warrant: 100.00

  3. Calculated Amount for Calc Code 10 Deduction: 110

Additional Information

Calc Code 10 should not be used for Federal Income Tax deductions. It is meant to be used as a separate deduction code based on an already existing Federal Income Tax deduction for the employee.Â