How To Setup an Earning Code for Health Insurance Opt Out
Setup Earning Code
NAVIGATION: MAINTAIN menu > Earnings Master
- Enter a new Code. For Example: OPT
- Enter a Description for the Code
- Enter a checkmark in Earning Is Taxable, Withhold Federal and Salary Earning Type
- Enter a Rate Factor of 1
- Save
Add Earning Code to Employee Master
NAVIGATION: MAINTAIN menu > Employee Master
- Select the employees who are opting out using the Employee No or Last Name field
- Enter the new code in Earning Code
- Enter the amount the employee will receive for opting out as the Rate
- Enter 0.0000 for the Hours
- Checkmark the TC box to send the information to Time Cards
- Select a Cycle. The cycle will control when the earning will be sent to the time cards.
- Select an Auto Distribution or General Ledger Account number to expense the earning to.
- Save
11/2021