EE Annual Amount Calculation for CC 23 Deduction

What is the calculation the system is doing to define the Employee Deduction, Employee Annual Amount for Calc Code 23 Deductions such as Health Insurance?

• Payroll

• Employee Maintenance

• Employee Deductions

Want to know calculation for Employee Deduction, EE Annual Amount, for Calc Code 23 Deductions. 

Use Payroll> Employee Maintenance> Employee Deductions, Main Tab & Cycles Tab data to calculate, 

Calculation: 12 Months multiplied by number of Deduction Cycles checked off for Employees Pay Frequency, multiplied by the EE Amount/Pct Value = EE Annual Amount

Example: 12 Months * 2 Deduction Cycles=24,  Take the 24 * $100.00 (Sample Amount, From Employee Amount/Percent field in Employee Deductions) = $2,400.00 

The EE Annual Amount in the above example is $2.400.00  

Deduction Cycles can vary based on Pay Frequency and Number of Cycles Checked Off in Employee Deductions on the Cycles Tab.

The EE Amount Percent Value in Employee Deductions on Main Tab can vary based on the cost of the Deduction.