This component converts the premium tax from the benefit remittance frequency to the benefit deduction frequency of the payroll application.
Does the premium amount need to be converted to a pay period amount?
Yes: Choose the rule to be used
No: Go to B0730
Rule | Description | Logic | Assoc. | Go to |
---|---|---|---|---|
01* | Pay Premium × Premium Tax Rate | Multiplies the pay premium amount (B0690) by the premium tax rate (B0700). | B0690 |
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'.
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