!!!US Group Term Life Calculation (for U.S. installations only) {optional}

This component applies the IRS taxable benefit calculation for US group term life insurance.

Choose the rule to be used as the ‘US Group Term Life Calculation’ rule.
||Rule||Description||Logic||Assoc.||Go to
|01|((Covg-TaxExmpt) × Tax Ben Rate) - Current EE Dedn| Multiplies the coverage value in excess of the exemption amount specified in component [B1230|BC-B1230] by the taxable benefit rate (from the Rates tab or [B1200|BC-B1200] based on the employee’s age as of the day specified in component [B1220|BC-B1220] of the processing year) then subtracts the current employee deduction ([B1040|BC-B1040])|[B1040|BC-B1040]\\[B1200|BC-B1200]\\[B1220|BC-B1220]\\[B1230|BC-B1230]|[B1250|BC-B1250]
|02*|((Covg-TaxExmpt) × Tax Ben Rate) – Accum. EE Dedn|Multiplies the coverage value in excess of the exemption amount specified in component [B1230|BC-B1230] by the taxable benefit rate (from the Rates tab or [B1200|BC-B1200] based on the employee’s age as of the day specified in component [B1220|BC-B1220] of the processing year) then subtracts the total deductions component [B1060|BC-B1060].|[B1060|BC-B1060]\\[B1200|BC-B1200]\\[B1220|BC-B1220]\\[B1230|BC-B1230]|[B1250|BC-B1250]
|03|((Covg-TaxExmpt) × Tax Ben Rate) - Current EE Dedn (Allow negative value)|Multiplies the coverage value in excess of the exemption amount specified in component [B1230|BC-B1230] by the taxable benefit rate (from the Rates tab or [B1200|BC-B1200] based on the employee’s age as of the day specified in component [B1220|BC-B1220] of the processing year) then subtracts the current employee deduction ([B1040|BC-B1040]) allowing the value to go negative. Same as Rule 01 but allows a negative amount.|[B1040|BC-B1040]\\[B1200|BC-B1200]\\[B1220|BC-B1220]\\[B1230|BC-B1230]|[B1250|BC-B1250]
|04|((Covg-TaxExmpt) × Tax Ben Rate) - Accum. EE Dedn (Allow negative value)|Multiplies the coverage value in excess of the exemption amount specified in component [B1230|BC-B1230] by the taxable benefit rate (from the Rates tab or [B1200|BC-B1200] based on the employee’s age as of the day specified in component [B1220|BC-B1220] of the processing year) then subtracts the total deductions component [B1060|BC-B1060] allowing the value to go negative. Same as Rule 02 but allows a negative amount.|[B1060|BC-B1060]\\[B1200|BC-B1200]\\[B1220|BC-B1220]\\[B1230|BC-B1230]|[B1250|BC-B1250]


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![Notes|Edit:Internal.BC-B1240] 	
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