Percent of Net Pay Deduction | PowerSchool Atrieve

Group 0 Type 3

This deduction is a specialized deduction used to calculate and deduct a percentage of the employee's Net Pay. After all deductions have been calculated, this deduction will take a percentage of defined Net Pay up to a maximum total of the actual Net Pay. This deduction cannot cause the actual Net Pay to be negative.

This % of Net Pay deduction could be used to calculate, deduct and store a portion of the employee's net pay for future payout.

Under field 19=Earn I/E you defined which gross earnings are to be included, and the total of these earnings will define the deduction Eligible earnings. Under field 20=Deds I/E you list the deductions to be included in the calculation of the defined Net Pay for this deduction calculation. This defined Net Pay is used in the deduction calculation of % of Net Pay. The defined Net Pay cannot exceed the actual Net Pay, where the actual Net Pay is the true gross earnings less the actual total deductions.

Group

Enter '0'.

Type

Enter '3'.

Factor

The percentage of net pay to be deducted. The Factor can be overridden per employee by changing the employee's Amount field on the employee master deduction screen.

Limit

A limit does not apply to this deduction.

Share %

A share does not apply.

Arrears

Enter 'N'. This deduction cannot be set to Arrear.

Step

Extras

Earn

Enter 'E/,'

Deds

Enter 'E/,'

Group 0 Type 5

This deduction is a specialized deduction used to accumulate employees' earnings and benefits (including EI Rebate Benefits) for the calculation of an Employer paid deduction.

This deduction must be defined as a 'Benefit'. The deduction will be omitted when it is not a 'Benefit'.

Unlike all other deductions that calculate on other deduction values, it does not have to be added to the User Specific Parameters Profile. It is the last deduction calculated, therefore the deduction number assigned to it does not have to follow the other deduction numbers it is calculating on.