Example: Create Employee Flexible Spending Account Deduction with Limits (USA)

Administrator Guide

As the first step in calculating Flexible Spending Account (FSA) deductions with limits, create an employee FSA deduction.

Create an FSA plan.

Security: Set Up: Payroll (Calculations - Payroll Specific)
domain in the Core Payroll functional area.

Access the

Create Deduction

task.

Enter these settings:

選項	說明
Name	FSA Employee
Code	FSA-EE

Enter these settings on the

Effective Dated

tab:

選項	說明
Effective Date	Current date
Run Category Eligibility	Regular
Worker Eligibility	Benefits Employee Cost or Pay Input Exists Pay Component Not Previously Paid in Period Processing Primary Job
Calculation	Benefits: Employee Cost
Input Amount Allowed?	Select the check box.
Calculation Proration	Prorate Using Calendar Days
Recalculate during Retro?	Select the check box.

Add a row in the

Limits

grid.

In the

Value

field, select

Create

Lookup Calculation

and enter these settings:

選項	說明
Name	Healthcare FSA Annual Limit
Category	Payroll
Lookup Table	Health Flexible Spending Arrangement (FSA) Maximum IRS Contribution Limit
Numeric Search Criteria	Category, Type Payroll Date Extract Calculation Year: Payment Date - Year

In the

Balance Period

field, select

YTD - Current Calendar Year (based on Payment Date)

Enter these settings on the

Non-Effective Dated

tab:

選項	說明
Groups	Federal Taxable Reduction [USA] FICA Taxable Reduction [USA] FSA Employee Deduction [USA] Pre Tax Deductions Section 125 Cafeteria Plan [USA] State Withholding Taxable Reduction [USA]
Benefit Plans	Select the company FSA benefit plan.

Create an employer FSA deduction.