BC-B 0700
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Premium Tax#

This component calculates the amount of premium tax.

Choose the rule that is used as the ‘Premium Tax’ rule.

RuleDescriptionLogicAssoc.Go to
01*Premium x Premium Tax
Rate
Multiplies the premium amount (B0680) by the
premium tax rate (B0700).
B0680
B0700
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.