Employer Paid Life Deductions Not Calculating Correctly When Using IRS Rate ID
(Doc ID 950619.1)
Last updated on OCTOBER 27, 2020
Applies to:PeopleSoft Enterprise HCM Human Resources - Version 8.9 and later
Information in this document applies to any platform.
The Benefit Program is configured to use the IRS age graded table ID to calculate employer paid deductions for Supplemental Life as the rate is the same as to calculate the taxable benefit for imputed income.
The incorrect Age graded rate is used when calculating employer paid Supplemental Life.
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