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If the Life Insurance Premium Pay Type was not used prior to the last pay for the employee, the Life Insurance Premium (NC1 in Classic) payment amount must be entered manually. This ensures the life insurance premium amount will show correctly on the W2 form and that the Quarter balances.
7. Go to Core>Adjustments.
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When the Life Insurance Adjustment is added, each OSDI Payroll Items> Applicable Gross is increased by the life insurance amount. If an employee lived in multiple school districts throughout the year, the Applicable Gross for each OSDI Payroll Item will need to be calculated and Adjustments to reduce the OSDI's Applicable Gross accordingly should be entered. The Applicable Gross for OSDI Payroll Item is calculated by the following:
Go to Core>Adjustments and create an adjustment for a negative value to adjust the Applicable Gross according to the calculations above. |
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A 'Difference in Adjusted Gross' will show for the NC1 payments on the Quarter Report. |
Medicare Paid by Employee and Board
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