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Imputed earnings calculation

edited Sep 5, 2020 12:33AM in Payroll and Global Payroll Interface (GPI) 1 comment

Summary

Imputed earnings calculation

Content

Hi Team,

I am trying to understand and calculate one of the employee's imputed earnings calculation of group term life.

I am able to see shell plan was created and the plan was attached to the GTL element and rates are attached based on the age condition. Rates are flat amount with the rate of 0.00006, 0.00007 and so on and frequency is monthly. Employees regular earnings 1843 per weekly and employee's Imputed earnings was calculated as 2.82 for weekly payroll. But, I am not able to derive this amount. Can you please provide some insights on the calculation

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