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Administrator Guide
Last Updated: 2023-06-23
Example: Flexible Spending Account with Limits (USA)

Example: Flexible Spending Account with Limits (USA)

Sue wants to contribute the maximum allowed by the Internal Revenue Service (IRS) to a Flexible Spending Account (FSA). Her employer also contributes to the account. Create 2 deductions with limits for these contributions.
  1. Create a deduction to calculate the employee contribution to FSA.
  2. Create a deduction to calculate the employer contribution to FSA.
  3. Access the
    Edit Run Category
     task.
  4. Select the
    Regular
     run category.
  5. Add these deductions to
    Additional Pay Components to Calculate
     on the
    General
     tab:
    1. FSA Employee
    2. FSA Employer
Workday retrieves the contribution amounts and calculates the deductions.