This component is required in the US only when employees pay an amount towards the coverage of a group term life coverage and taxable benefit is being calculated.
Is this a U.S. Group Life Insurance plan?
Yes: Choose the rule to be used
No: Go to B1100
Rule | Description | Logic | Assoc. | Go to |
---|---|---|---|---|
01* | Accumulate Deduction Total | Includes this amount of deduction into the value being accumulated for US group term life. | B1100 |
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'.
Screen captures are meant to be indicative of the concept being presented and may not reflect the current screen design.
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