Details Tab
Use this tab to add more details about the deduction such as Deduction Type and Computation Method.
Settings
The Employee Government Mandated Orders functionality has been de-supported starting Costpoint 7.0. You must update the Deduction Types currently assigned to your garnishment deductions. The valid Deduction Types for the Employee Government Mandated Orders functionality were:
- Garnishment of Wages
- Child Support Payments
- Tax Levy
- Student Loan Garnishment
- Creditor Debt Garnishment
- Federal Admin Garnishment
- Child Medical Support
- Child Support Garnishment
- Federal Tax Levy
- State Tax Levy
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Deduction Type |
Enter, or click
Note: In Costpoint Deferred Compensation Admin, set up deferred compensation plan information on the Manage Deferred Compensation Plans screen and then link the Deduction code (that has a deferred compensation Deduction Type on this screen) to the deferred compensation plan on the Manage Deferred Compensation Deductions screen.
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Employer-Sponsored Health Coverage |
Select this checkbox if this deduction will be tracked under the employer-sponsored health plan. |
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Deduction |
Select this checkbox to indicate that the code is to be used to withhold amounts from employees' paychecks. You can use a deduction code as a deduction, contribution, or both. If you do not select this checkbox, which indicates that you are setting up a code as a contribution only, all fields related to deductions are disabled. Clear this checkbox to clear all values if a deduction code has been established, but is no longer valid. You can also stop a deduction by setting the Through date to the date this deduction becomes invalid. |
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Computation Method |
Enter, or click
Note: If you use the
ADDGRS method in this deduction table, you must also use the same method in the Manage Employee Deductions screen when assigning this deduction code to an employee.
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Rate % |
Enter the rate, up to four decimal places, that is used to compute the deduction. This is a required field if you have chosen any Method other than FIXAMT (Fixed Amount), GRSHRP (Gross Hours), NO DED (No Deduction), or REGHRF (Regular Hours). This number is multiplied by the wages to compute the deduction amount. |
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Amount |
If you chose the FIXAMT (Fixed Amount) Method, enter the amount that must be deducted from each paycheck. If you chose the GRSHRF (Gross Hours) or REGHRF (Regular Hours) Method, enter the amount that is multiplied by the hours worked. This is a required field when you select FIXAMT, GRSHRF, or REGHRF. |
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Modify Code |
Enter, or click
The purpose of a modify code is to add or subtract amounts, identified by pay type, to or from the basis for a deduction (examples of a deduction basis include gross pay and regular wages). For example, some companies may include overtime, excess life, and uniform allowance in 401(k) eligible wages, and some companies may not. This code applies only to the GRSHRF, GRSHRP, REGHRF, REGHRP, PCTREG, and PCTGRS methods. |
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Priority |
When the Enable Deduction Priority Functionality checkbox is selected on the Configure Payroll Settings screen, enter a value between 1 and 99. This establishes priority when deductions are taken on a company-wide basis when computing payroll. 1 represents the highest priority and 99 represents the lowest priority. This can be changed on an employee basis on the Manage Employee Deductions screen. |
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Ceiling Method |
If there is a calendar year ceiling on the amount that can be withheld, use this drop-down list to select the method that is used to determine the ceiling amount. The valid values are:
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Ceiling Amount |
If there is a calendar year ceiling on the amount that can be withheld, enter that amount in this numeric field. This is typical for 401(k) type deductions, where there is a cap on the amount that is eligible each year. |
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Eligible for Arrears |
Select this checkbox if this deduction is eligible for arrears. This group box is unavailable if you did not select the Deduction checkbox on this screen. |
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Arrears Deduction |
Enter, or click
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Pay Type |
Enter, or click
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Workers' Comp |
Enter, or click
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Union Rate |
Enter the amount for the union rate that must be deducted from each paycheck, if applicable.
Note: You can view this field if:
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Start Date |
Leave this field blank to indicate that the deduction starts immediately. If the deduction must not begin until a particular pay period, enter, or click
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Through Date |
Leave this field blank to indicate that the deduction continues indefinitely. If the deduction must stop after a particular pay period, enter, or click
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Contribution |
Select this checkbox to indicate that the code is to be used to accrue contributions as employer expense. You can use a deduction code as a deduction, contribution, or both. If you do not select this checkbox, indicating a code is being set up as a deduction only, all fields related to contributions are disabled. Clear this checkbox to clear all values if a deduction code has been established, but is no longer valid. You can also stop a contribution by setting the Through date to the date this contribution became invalid. This group box contains parameters that apply only to contribution codes that are flagged as contributions per the Contribution checkbox. To establish matching percentages for the selected Computation Method, use the Contribution Matching subtask. |
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Computation Method |
From the drop-down list, select the method used to compute the contribution. Valid options are:
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Rate % |
Enter the rate, a maximum of four decimal places, that must be used to compute the contribution. Costpoint multiplies this number by the wages to compute the contribution amount. This is a required field if you have chosen any method other than FIXAMT (Fixed Amount) or NO DED (No Deduction). If you have set up a PCTDED (Percent of Deduction) method with a Contribution Rate Schedule, you must set this field to 0.0000. |
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Amount |
Enter the amount that must be contributed for each paycheck. This is a required field when you select the FIXAMT (Fixed Amount) method. |
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Base on Additional Deductions |
Select this checkbox to include additional deductions in the contribution calculation. Use this to calculate contributions based on multiple deductions for a deferred compensation. For example, you want the 401(k) and Safe Harbor 401(k) deduction codes combined to determine the 401(k) contribution amount. To set this up, select the Base on Additional Deductions checkbox and add a second deduction (Safe Harbor 401(k)) in the Additional Deductions for Contribution Calculation table. If you select this checkbox, you need to specify at least one row in the Additional Deductions for Contribution Calculation subtask. Note: You can view this checkbox on if the contribution’s
Computation Method is
PCTDED (Percent of Deduction).
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Modify Code |
Enter, or click
The purpose of a modify code is to add or subtract amounts, identified by pay type, to or from the basis for a contribution (examples of a contribution basis include "gross pay" and "regular wages"). For example, some companies may include overtime, excess life, and uniform allowance in 401(k) eligible wages and some companies may not. This code only applies to PCTREG, PCTGRS, GRSHRF, GRSHRP, REGHRF, REGHRP, and PCTANN methods. When any of these methods is selected and a modify code is assigned, the modify code-pay type amount is withheld in the basis for the contribution amount (where the pay type is set to be subtracted). |
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Ceiling Amount |
If there is a calendar year ceiling on the amount that can be accrued as a contribution, enter that amount. This is typical for 401(k) type contributions, where there is a cap on the amount that is eligible each year. |
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HSA Deduction |
For taxable HSA contributions, enter, or click
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Start Date |
Leave this field blank to indicate that the contribution must start immediately. If the contribution must not begin until a particular pay period, enter, or click
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Through Date |
Leave this field blank to indicate that the contribution must continue indefinitely. If the contribution must stop after a particular pay period, enter, or click
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Include on Employee Paystub |
Select this checkbox to include this contribution on the printed employee paystubs and payment advices. To use this feature, you must select the following:
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Payroll Tax Interface
Field | Description |
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Tax Type |
From the drop-down list, select the tax type code for the record. Valid options are:
Costpoint uses the value entered here to report the locality type when creating the CTS tax files. This value is required if a CTS Local Code is specified. |
State |
Enter, or click
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Tax Service Code |
Enter the tax code which identifies the deduction in your payroll tax service system. This value is included when export the deduction amount to the Payroll Tax Service provider. You must enter a value in this field if you use the deduction to track a state or local tax. |