About Processing Insurance/Worker's Comp
When processing your payroll, the system determines the insurance or worker's comp liability based on values stored in the Insurance Accums table (PRIA).
They are as follows:
- Earnings – Gross (earnings subject to the insurance liability)
- Subject Amt – Earnings or hours, depending on the calculation method specified for the liability.
- Eligible Amt – Subject amount up to a limit, if specified.
- Basis Earnings – Earnings associated with the eligible amount.
- Calc Basis – Amount used to calculate the actual value of the liability.
The 'Earnings' are updated with the gross earnings, including any earnings that are flagged as 'subject only' (e.g. cafeteria plan). This will allow you to tie insurance reports to the FICA taxable wages on the PR 941 report. The Subj Amount field on the insurance report represents the PRIA earnings
The 'Calc Basis' will be the same as the subject amount. If using straight time equivalent, the earnings will be the full gross (including premium pay), and the subject amount will be the straight time equivalent (excluding premium pay).
For example:
Earnings | Amounts | Descriptions |
---|---|---|
Employee Earnings | $1,000.00 | 40 hours @ $25/hour |
$37.50 | 1 hour OT | |
401(k) Contribution | -$100.00 | Not subject to Ins/WC |
Cafeteria Plan | -$50.00 | Subject to Ins/WC, with Subject Only box checked in PR Deductions/Liabs |
Gross | $887.50 |
In the PRIA table, values would be stored as follows:
Liability Method | Earnings | Subject Amt | Eligible Amt | Basis Earnings | Calc Basis |
---|---|---|---|---|---|
Rate of Gross | $987.50 | $987.50 | $1,037.50 | $1,037.50 | $1,037.50 |
STE | $987.50 | $975.00 | $1,025.00 | $1,037.50 | $1,025.00 |
Rate/Hour | $987.50 | $41.00 | $41.00 | $1,037.50 | $41.00 |
All of the PR insurance reports include this information (PR Insurance Report, PR Insurance Report by Insurance Code, and PR Insurance Report by Job. Using the example above, for instance, the PR Insurance Report would display the following information for the STE liability method:
Report Field | Displayed Amount | PRIA Field that Determines Amount |
---|---|---|
Gross Amount | $1,037.50 | Basis Earnings |
Subj Amount | $987.50 | Subject Amt |
Basis | $1,025.00 | Calc Basis |
Eligible | $1,025.00 | Eligible Amt |
Additionally, the Subj Amount field on the report ties to the PR 940/941 Information report of FICA wages.