Taxable Payroll Benefits
how to add taxable payroll benefits to Goldenseal
NOTE-- These are just three different ways to describe the same issue for our construction payroll software!
Based On determines the base amount for this item.
Subtract From determines when this item is subtracted from gross wages (if ever), or added if it's a wage or contribution to employee That also determines the based on amounts for other benefits or Tax Items, that might need to have the gross amount adjusted for their calculations.
Users will need to set up the Based On and Subtract From fields so it calculates correctly. It may take some thought to figure out, but it only needs to be done once.
Check the steps below to understand the logic.
Note that after entering hours, it's easy to check to make sure it's using the correct logic. Choose Write Payroll, and double-click on the Deduction column for an employee. Check the Base Wages column- it should be the correct base amount for that item.
Here is how Goldenseal calculates payroll:
Entered 2/14/01 by Casey. Updated 11/12/2010.