Understanding Deductions
The PeopleSoft system provides a number of deductions to demonstrate the flexibility of Global Payroll rules and meet common processing requirements, such as the preservation of minimum net pay. The following sections discuss various ways to use deductions and supporting elements.
In the following table, the first column combines the deduction's name and description. The code (gc) indicates that the deduction has a generation control. The code (po) indicates a post-processing formula, and the code (pr) indicates a pre-processing formula. The other columns indicate the deduction's calculation rule of Unit × Rate, Unit × Rate × Percent, or Base × %. The formulas used for some of the deduction codes are discussed in further detail. The code (sy) stands for system element; it is not part of the element name.
|
Name and Description |
Unit |
Rate |
Base |
% |
Amount |
|---|---|---|---|---|---|
|
Section DED - PRE TAX |
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|
EE SSSPR Employee Sal. Sacrifice Super (po) |
AUS GROSS |
Payee Level |
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|
Section DED - PST TAX |
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|
INSURANCE Insurance (gc) (po) |
AUS GROSS |
5.00 |
|||
|
PARK Parking Fee (gc) |
Payee Level |
10.00 |
|||
|
LOANDED Loan Repayment (gc) (po) |
AUS GROSS |
10.00 |
|||
|
UNION Union Fees (gc) (po) |
9.50 / period |
||||
|
TRANS REC Advance Recovery Example (gc) (po) |
TRANS ADV AMT |
Payee Level |
|||
|
SALDED Advance Repayment |
2500.00 / period |
||||
|
SOCIAL Social Club (gc) |
8.00 / month |
||||
|
LOAN REPAY Loan Repayment (Term) (gc) |
TER FM LOAN REPAY |
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|
HEALTH FUND Health Fund (gc) |
Payee Level |
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|
Section DED - TAX |
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|
MARGINAL TAX Marginal Tax (po) |
TAX FM MARGINAL |
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|
ANNLSD TAX Annualized Tax |
TAX FM ANNLSD |
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|
PERIODIC TAX Periodic Tax |
TAX FM PERIODIC |
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|
HELP HELP Amount (po) |
TAX FM HELP |
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|
SFSS SFSS Amount (po) |
TAX FM SFSS |
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|
LUMP A TAX Lump Sum A Tax |
TAX FM LUMP A |
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|
LUMP B TAX Lump Sum B Tax |
TAX FM LUMP B |
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|
LUMP C TAX Lump Sum C Tax |
TAX FM LUMP C |
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|
LUMP E TAX Lump Sum E Tax |
TAX FM LUMP E |
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|
Section DED - NONTAX |
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|
SGCMAN SGC Mandatory (gc) (po) |
SUP FM CALC BASE |
AUS VR SGCMAN PCT |
|||
|
AWARDMAN Award Super Mandatory (gc) (po) |
SUP FM TIERBSD AMT |
||||
|
ER ADDLSPR Employer Add'l Super (po) |
SUP FM CALC BASE |
SUP VR ERADDL PCT |
|||
|
ER MATCHSPR Employer Matching Super (po) |
AUS GROSS |
SUP BR CMPNY PCT |
|||
|
EE SUPER Employee Super |
Payee Level |
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|
CHARITY Deductible Gift Recipient |
Payee Level |
There are also 22 deductions that relate to salary packaging; and they all start with the letters SP.