Payroll calculation for cumulative match calculation deductions

These examples illustrate payroll calculation for cumulative match calculation deductions. All of these deductions should have a calculation type of percent on Deduction (PR05.1).

• Robin's 3% contribution is calculated as shown here:

  The company match is 3% of her pay or $30.00 ($1,000.00 * 0.03 = $30.00)

• Walter's 7% contribution is calculated as shown here:

  The company match is 5.5% of his pay or 82.50 ($1,500.00 * 0.055 = $82.50).

• Fred's 11% contribution is calculated as shown here:

  The company match is 6.75% of his pay or $135.00 ($2,000.00 * 0.0675 = $135.00).