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How to create a Labor schedule for each payroll elements for an employee?

Summary:

How to create a Labor schedule for each payroll elements for an employee?

Scenario: We have multiple payroll elements for each employee like

Element1 for Insurance

Element2 for 401K

Element3 for benefits etc., but we want to create schedule like 50% for Element 1,30% from Element2 and 30% from Element 3 and assign to particular to grant.

currently i believe it should not cross 100% but our requirement is to calculate above 100% as we want to calculate using each payroll element.

Can this be achieved in anyway using Labor distribution?

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