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EPY: Why MA FLI/MLI Taxes Are Not Calculated as Expected After Applying Tax Update 19-D And the New Ratios? (Doc ID 2607290.1)

Last updated on NOVEMBER 05, 2019

Applies to:

PeopleSoft Enterprise HCM Payroll for North America - Version 9.2 and later
Information in this document applies to any platform.

Goal

MA FLI/MLI calculation are not calculating correctly after applying Tax Update 19-D and new ratios:

- Tax Calculated:

----------

Taxable Gross: 5930.79
FLI/EE=7.64
MLI/EE=14.74
MLI/ER=22.10

Expected Calculation:

-----------

MA Total Premium = $5930.79 x 0.0075 = $44.48
Total FLI = $44.48 x 0.173333 = $7.71
Total MLI = $44.48 - $7.71 = $36.77
FLI – EE = $7.71
MLI – EE = $36.77 x 0.40 = $14.71
MLI – ER = $36.77 x 0.60 = $22.06
 

Solution

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In this Document
Goal
Solution
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