Taxable Benefit Calculation Method #

This component determines how the taxable benefit amount will be calculated.

Choose the rule that is used as the ‘Taxable Benefit Calculation Method’ rule.

RuleDescriptionLogicAssoc.Go to
00Use Value from UserCalcSpecify the name of the <User Calc> on the
component.
The usercalc must be of the type `Function`,
with a return value of the type `Numeric`. Use
the RET operator to return the numeric value.
This value is interpreted by the component as a
user provided taxable benefit amount.

B1250
01Use Value from ElementSpecify the <Element> on the component.
The value of the element will be used as the
taxable benefit amount.

B1250
02Use Taxable Benefit on
Enrollment
Use the taxable benefit amount from the
employee’s current enrollment detail or the <BC
Value> specified in the component.
The employee’s enrollment detail (IBEN) must
be initialized with a value, either by conversion
or manual input, or through the component
value.

B1250
03Use Taxable Benefit RateUses the taxable benefit rate from the Rates tab
or B1200 as the taxable benefit amount.
B1200B1250
04Premium AmountUses the entire premium amount (B0680) as
the taxable benefit amount.
B0680B1250
05Contribution AmountUses the employer contribution amount
(B0840) as the taxable benefit amount.
B0840B1250
06Premium + ER Sales TaxUses the premium amount (B0680) plus the
employer sales tax (B0910) as the taxable ben-
efit amount.
B0680
B0910
B1250
07*Contribution + ER Sales
Tax.
Uses the employer contribution amount
(B0840) plus the employer sales tax (B0910) as
the taxable benefit amount.
B0840
B0910
B1250
08Dedn. + Contr.+ Admin. +
ER Sales Tax (SI QC)
Takes the contribution component (B0840) plus
the deduction component (B1040) plus the
administration fee component (B0730) plus the
employer sales tax (B0910) as the taxable ben-
efit amount.
Rule used for self-insured plans only.
B0730
B0840
B0910
B1040
B1250
09(Dedn + Contr) * Tax Ben
Rate – Deduction
Multiplies the contribution component (B0840)
plus the deduction component (B1040) by the
taxable benefit rate and then subtracts the
deduction amount.
B0840
B1040
B1250
10*Apply IRS Rate Based on
Age @ 31st Dec
U.S. only – the age range needs to be indicated
on the Rates tab. Uses the taxable benefit rate
from the Rates tab or B1200 as the taxable
benefit amount.
Indicates components B1220 and B1230 and
B1240 are required.
B1200
B1220
B1230
B1240
B1220


Notes #

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