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Step 11.  If Medicare Paid by Employee and Board11., the Medicare withholding must be paid.  Create adjustments for the Medicare payroll item(s). (Board will need to pay for both Employee and Employer portion of Medicare.  If the district chooses, the employee can reimburse the district.)

• If the employee is responsible for paying their portion of Medicare, the following adjustments will need to be created:
  • Go to Core>Adjustments.  
  • Click Create.
  • Enter the Employee, Payroll Item 692, Type of Amount Withheld, a Transaction Date, Amount equaling the calculated Medicare amount, and a Description for future reference.
  • Click Save.
  • Go to Core>Adjustments.
  • Click Create.
  • Enter the Employee, Payroll Item 692, Type of Board's Amount of payroll item, a Transaction Date, Amount equaling the calculated Medicare amount, and a Description for future reference.
  • Click Create.
  • Enter the Employee, Payroll Item 692, Type of Applicable Gross, a Transaction Date, Amount equaling the calculated Medicare amount, and a Description for future reference.
  • Click Save.

Life Insurance amount of $100.00 x .0145 = $1.45

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$1.45 Board's Amount of payroll item for 692$1.45 to Applicable Gross for 692

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OR

Fully board paid Medicare  

• If the Medicare is fully board paid (referred to as Medicare Pickup), adjustments will need to be created.  (Board will need to pay for both Employee and Employer portion of Medicare.) 
  • Go to Core>Adjustments.  
  • Click Create.
  • Enter the Employee, Payroll Item 001, Type Life Insurance, a Transaction Date, Enter the Amount of the Life Insurance, and a Description for future reference.
  • Enter the Employee, Payroll Item 692, Type of Board's Pickup Amount of Payroll Item, a Transaction Date, Enter the Amount of the board pickup, and a Description for future reference.
  • Enter the Employee, Payroll Item 692, Type of Applicable Gross, a Transaction Date, Enter the Amount of the Life Insurance, and a Description for future reference.
  • In order for Quarter report, 941 QTD Employer's Medicare Contribution to balance, add an adjustment using 'Enter the Employee, Payroll Item 692, Type of Board's Amount of Payroll item' for this amountpayroll item, a Transaction Date, Amount equaling the calculated Medicare amount, and a Description for future reference.
  • Click Save.

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