Payroll and OTL - EBS (MOSC)

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Why am I getting the Error "Mandatory input value name Tax Separately is missing for Element Type"

Oracle EBS Payroll Version: 12.2.8

I am working on a task to setup new Earnings Element which receives the Refund of benefit pretax deductions. The new element name is called 'Refund PY Sec 125 B'. It has all the standard input names setup. Among the setup input names the 'Tax Separately' is also setup.

But when user ran the Quick Pay to test the setup, QP ends in error with below message.

ERROR: "Mandatory input value name Tax Separately is missing for Element Type Name Refund PY Sec 125 B"

Attached is the screenshot of the error message.

Can someone help me understand why Payroll is not recognizing the 'Tax Separately' input name setup for the element.

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