!!!Premium Tax

This component calculates the amount of premium tax.

Choose the rule that is used as the ‘Premium Tax’ rule.
||Rule||Description||Logic||Assoc.||Go to
|01*|Premium x Premium Tax\\Rate|Multiplies the premium amount (B0680) by the\\premium tax rate (B0700).|[B0680|BC-B0680]\\[B0700|BC-B0700]|[B0720|BC-B0720]

Enter a pay component in the <PC Code> field if the result is to be viewed for Payroll processing or reporting.

The BC action must be ‘Store on Line & Enroll'.

If the premium tax needs to be converted to a pay period amount place the <PC Code> on B0720 instead.