A730 Payout Current Year Amount Owing#

This component recalculates the amount owing based on the current time owing.

Chose the rule that is used as the ‘Payout Current Year Amount Owing’ rule.

Rule	Description	Logic	Assoc.	Go to
01	Time Owing x Payout Wage Rate	Calculates the Time Owing (A700) x the Payout Wage Rate (A710). This re-evaluates the wages when the established wage rate method is being used. Example: If Rule 01 for A710: From the unofficial record, time owing is 66.667. The payout wage rate would be $100.00. The current amount owing would be 66.667 x $10.00 = $666.70 If Rule 02 from A710: From the unofficial record, time owing is 66.667. The payout wage rate would be $8.20. The current amount owing would be 66.667 x 8.20 = $546.67	A700 A710	A740
02*	Difference between Total Paid and Total Earned	Calculate the current amount owing by taking the difference between the Current Year Amount Earned (A380) and the Current Year Amount Paid (A370)	A370 A380	A740

This component is almost always defined, unless the policy does not track current year owing, or does not allow employees to take current year amount owing.

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Notes #

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