Taxable Benefit Amount (rounded 0.01)#
This component determines whether the taxable benefit amount replaces any previously calculated amount or adds to it.
Choose the rule to be used as the ‘Taxable Benefit Amount’ rule.
| Rule | Description | Logic | Assoc. | Go to |
|---|---|---|---|---|
| 01* | Replace Value on Enroll- ment | Replaces the enrollment value with the newly calculated taxable benefit amount. This is the standard rule used. | B1260 | |
| 02 | Accumulate Value on Enrollment | Accumulates the newly calculated taxable ben- efit amount into the existing enrollment value. | B1260 |
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 Taxable Benefits Amount needs to be converted to a Pay Period Amount place the <PC Code> on B1260 instead.
