US Workers Compensation Classification (PR18.1)
Use US Workers Compensation Classification (PR18.1) to define workers' compensation classes and associate each class with an experience rating. You can define different experience rates for the same workers' compensation class for specific states, process levels or effective date.
Processing Effect
The tables you define in this form serve two main purposes in the Payroll system; to calculate premiums, and post workers' compensation expenses to the general ledger.
PR278 (Workers Compensation Report) uses tables defined in this form to calculate premiums for each workers' compensation class.
PR140 (Earnings and Deductions Calculation) uses tables defined in this form to calculate the premiums for each workers' compensation class and posts workers' compensation expenses to the general ledger through deductions defined with Yes in the WC Rate Table field.