Deduction Calc Code 10-Percent of Federal

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

• Enterprise ERP Payroll

• Deduction and Benefit Master

• Employee Deductions

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

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.