This page (revision-16) was last changed on 26-Nov-2021 10:22 by rforbes

This page was created on 26-Nov-2021 10:22 by JMyers

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UPCALC INSUFFICIENT EARNINGS
UPCALC INSUFFICIENT EARNINGS

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At line 16 changed one line
For each deduction pay component, the [IPPC AcctArrears tab|IPPC#Acct Arrears tab] must indicate [Benefit Components|BENEFIT COMPONENTS#Benefit Component Codes]the Actions to be taken for this deduction.
For each deduction pay component, the [IPPC Acct/Arrears tab|IPPC#Acct Arrears tab] must indicate the actions to be taken for this deduction.
At line 18 changed one line
If the deduction is an exemption amount to reduce the Taxable Earnings, and the full deduction amount is not taken, then the Taxable Earnings will be in an incorrect situation, please see next page for example.
If the deduction is an exemption amount to reduce the taxable earnings, and the full deduction amount is not taken, then the taxable earnings will be in an incorrect situation, please see next section for an example.
At line 20 removed 3 lines
At line 24 changed 4 lines
[UPCALC Insufficient Earnings_02.JPG]
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At line 29 changed 2 lines
PC 3001 125 Plan 124.47
PC 3002 401K Plan 62.56 (original amount)
|PC 3001 125 Plan|124.47
|PC 3002 401K Plan|62.56 (original amount)
At line 33 changed 4 lines
Gross – 125 Plan – 401K
PC 8005 FIT Earn 192.31 – 124.47 – 62.56 = 5.28
PC 8037 FICA EE Earn 192.31 – 124.47 = 67.84
PC 8045 Work SIT Earn 192.31 – 124.47 – 62.56 = 5.28
||PC ||Gross – 125 Plan – 401K||Total
|PC 8005 FIT Earn| 192.31 – 124.47 – 62.56| = 5.28
|PC 8037 FICA EE Earn| 192.31 – 124.47 | = 67.84
|PC 8045 Work SIT Earn| 192.31 – 124.47 – 62.56| = 5.28
\\
From PC 8045 Work SIT Earn of $5.28, it calculates:
|PC 6040 Work SIT|= 0.04
At line 38 removed 2 lines
From PC 8045 Work SIT Earn of $5.28, it calculates:
PC 6040 Work SIT = 0.04
At line 37 added one line
From the Net Pay calculation, there is insufficient earnings to cover all deductions. PC 3001 from the IPPC set up is to take as much as possible and generate arrears. Therefore, PC 3001 generated an arrears of __0.96__ and PC 3001 is adjusted to __61.60__.
At line 42 removed 2 lines
From Net Pay calculation, there is Insufficient Earnings to cover all deductions. PC 3001 from IPPC set up is to Take as much as possible and generate Arrears. Therefore PC 3001 generated an Arrears of 0.96 and PC 3001 is adjusted to 61.60.
At line 45 removed 3 lines
Gross – 125 Plan – 401K
PC 8005 FIT Earn 192.31 – 124.47 – 61.60 = 5.28 s/b 6.24
PC 8037 FICA EE Earn 192.31 – 124.47 = 67.84
At line 49 changed one line
PC 8045 Work SIT Earn 192.31 – 124.47 – 61.60 = 5.28 s/b 6.24
||PC ||Gross – 125 Plan – 401K||Total
|PC 8005 FIT Earn|192.31 – 124.47 – 61.60|= 5.28 s/b 6.24
|PC 8037 FICA EE Earn|192.31 – 124.47| = 67.84
|PC 8045 Work SIT Earn| 192.31 – 124.47 – 61.60|= 5.28 s/b 6.24
This page (revision-16) was last changed on 26-Nov-2021 10:22 by rforbesTop