How to Add/Modify Taxable Percent of Board Premium Shares to Benefit Type Codes

This screen is used to define whether or not the Board’s share of the premium of a particular Benefit is taxable or not. It is also possible to specify the percentage taxable for various dollar amount ranges (eg. the first $1000 of a Benefit may be tax free and the rest fully taxable). Benefit Type Codes must be defined on the Benefit Type Definition screen before they can be assigned as mandatory Benefits on this screen. 

Use the following steps to Add/Modify Taxable Percent of Board Premium Shares to Benefit Type Codes:

          1. Click on Board Control

          2. Click on Benefits

          3. Click on Taxable Percent of Board Premium Share

          4. Click the Find button at top of the menu bar to see all records in the database.

          5. If K212 HRP dialog box displays, click Yes to continue.

          8. Select Benefit Type Code on the left-hand grid

          7. Right-click the grey grid below the Floor Amount column and Select New Record

          9. Enter in any other relevant information within the grid (All Fields are Mandatory) (Consult the user guides for more information about each field)

          10. Select a Status value (i.e Active)

          11. Click the Save button to save your changes