Based on Life Insurance Salary
This table lists based on life insurance salary calculations:
Table Method |
Lower/Upper Ranges Represent |
Calculation |
Method |
---|---|---|---|
IA |
Life Insurance Salary |
Table amount × amount or rate retrieved from one of the 3 DBA files associated with the employee |
1 |
IB |
Employee Age in Years |
Employee life insurance salary × amount or rate associated with the employee × Table amount |
3 |
ID |
Life Insurance Salary |
Table amount equals the actual amount of the DBA. |
1 |
IH |
Life Insurance Salary |
Number of hours worked by the employee × Table amount or rate |
1 |
IP |
Life Insurance Salary |
Employee gross earnings for the current period × Table amount or rate |
1 |
IQ |
Life Insurance Salary |
Employee life insurance salary × amount or rate associated with the employee Result rounded down to the next 1000 × Table amount or rate |
1 |
IR |
Life Insurance Salary |
Employee life insurance salary × amount or rate associated with the employee Result rounded up to the next 1000 × Table amount or rate |
1 |
IS |
Employee Age in Years |
Employee life insurance salary × amount or rate associated with the employee Result rounded up to the next 1000 × Table amount or rate |
3 or 9 |
IT |
Employee Age in Years |
Employee life insurance salary × amount or rate associated with the employee Result rounded down to the next 1000 × Table amount or rate |
3 or 9 |
IY |
Employee Age in Years |
Employee life insurance salary × amount or rate associated with the employee Result rounded down to the next 1000 ÷ 1000 The system does not calculate a DBA amount. |
3 or 9 |
IZ |
Employee Age in Years |
Employee life insurance salary × the amount or rate associated with the employee Result rounded up to the next 1000 ÷ 1000 |
3 or 9 |
I% |
Employee Age or Life Insurance Salary |
Employee life insurance salary × Table amount or rate × Excess rate in the table. |
3, 9, or 1 |
SL Note: Customers upgrading to 9.0 from a previous release who plan to use the spouse life insurance calculation will need to manually add the SL table method. |
Spouse's Age in Years |
Spouse life insurance amount × the amount or rate associated with the employee. Result rounded up to the next 1000 ÷ 1000 × table amount or rate. |
3 or 9 |