Round Deduction Amount {optional}#
This component enables the calculated deduction amount to be rounded up to the next 0.01. Used to indicate that it is the employee who picks up the odd one cent when a premium is not evenly divisible.
If the premium is not evenly divisible by the processing frequency should the employee pick up the extra cent?
Yes: Continue with rule 1
No: Go to the next question
Round the contribution amount up?
Yes: Continue with either rule 2 or 3
No: Go to B0140
| Rule | Description | Logic | Assoc. | Go to |
|---|---|---|---|---|
| 01 | Employee picks up extra cent | Adds the extra cent to the deduction amount when the premium is split between the company and the employee and the result is not exact cents. i.e. If the premium were $132.69/mo and the split was 50/50 between the employee and the company the amounts would be $66.345. Rounding the employee portion would mean that the employee pays $66.35 and the company’s portion is $66.34. | B0140 | |
| 02 | Rounded to the Nearest Cent | Specify the rounding factor on the component (e.g. 0.01) in the <BC Value> field. Rounds the deduction amount to the nearest cent when the dollar amount calculated is more than two decimal places. | B0140 | |
| 03* | Rounded Down to the Next Cent | Specify the rounding factor on the component (e.g. 0.01) in the <BC Value>. Rounds the deduction amount down to the next cent when the dollar amount calculated is more than two decimal places. | B0140 |
