Premium Tax#
This component calculates the amount of premium tax.
Choose the rule that is used as the ‘Premium Tax’ rule.
| Rule | Description | Logic | Assoc. | Go to |
|---|---|---|---|---|
| 01* | Premium x Premium Tax Rate | Multiplies the premium amount (B0680) by the premium tax rate (B0700). | B0680 B0700 | B0720 |
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 premium tax needs to be converted to a pay period amount place the <PC Code> on B0720 instead.
