Field Description - Fringe Calculation Code

The Fringe Calculation Code (also referred to as Type) determines how fringe benefit amounts are calculated by the Payroll Post program.

Tips:

• Enter the standard Fringe Calculation Code during Fringe Master Maintenance.  You can override the standard code when you assign a fringe benefit to an employee during Employee Fringe Maintenance.

• For more information, refer to Understanding Fringe Benefits.

The following codes are available:

• 0 - Enter an amount:  The Payroll Post program calculates the Fringe Distribution Amount and automatically enters it into the Employee Fringe file.  The Fringe Distribution Amount matches the calculated amount for the associated deduction.  The Fringe Distribution Amount can vary among pay periods according to the calculation.  For more information refer to the topic, Fringe Example - Regular FICA Setup.

• 1 - Flat amount:  The Payroll Post program calculates the Fringe Distribution Amount, and automatically enters it into the Employee Fringe file.  The Fringe Distribution Amount matches the calculated amount for the associated deduction.  The Fringe Distribution Amount is usually the same every pay period.  For more information refer to the topic, Fringe Example - Flat Amount for Health Club.
  
  Note:  There is no distinction in the programs between codes 0 and 1.  The difference is for your clarification only.
   

• 2 - Percent of Gross:  The Payroll Post program uses the Fringe Amount as a factor to calculate a percent of the gross pay.  The Payroll Post automatically enters the calculated Fringe Distribution Amount into the Employee Fringe file.  The Fringe Distribution Amount does not necessarily match the calculated amount for the associated deduction.  For more information refer to the topic, Fringe Example - Percent of Gross Calculation for 401K.
  
  Note:  For this option, enter the Fringe Amount as a percentage.
   

• 3 - Use Fringe Amnt:  The Payroll Post program uses the Fringe Amount as the Fringe Distribution Amount in the Employee Fringe file.  The Fringe Distribution Amount does not necessarily match the calculated amount for the associated deduction.  For more information refer to the topic, Fringe Example - Birthday Club Using Fringe Amount.

Format:  predefined