Setting Up Workers Compensation Insurance Rates

You set up workers-compensation insurance rates to calculate workers compensation and general liability insurance premiums. You define these rates by the state or province, company number, and a range of dates.

Typically, the state, province, or insurance carrier supplies you with the information that you need to set up the insurance rates.

Note:

For some taxing authorities, you might need to set up workers compensation as an exempt deduction. In this case:

Enter W on the Tax Exemptions form when you set up the DBA.

Enter the DBA code on the Workers Compensation Insurance Basis Tables form.

The system calculates workers compensation in the payroll journal entries step of the payroll cycle. It calculates workers compensation for each timecard and updates each timecard with the workers compensation amount in the Employee Transaction Detail File table (F06116). This calculation is performed by JD Edwards EnterpriseOne software. All other tax calculations are performed by Quantum for Payroll Tax.

See "Setting Up Deductions, Benefits, and Accruals" in the JD Edwards EnterpriseOne Applications Human Capital Management Fundamentals Implementation Guide.