Field Description - Deduction Amount

The Deduction Amount is the dollar amount, percent, or multiplier for a specific deduction.  You can assign a Standard Deduction Amount to a Deduction Code during Deduction Master Maintenance.  You can override the Standard Deduction Amount when you assign a Deduction Code to an employee during Employee Master Maintenance in the Employee Scheduled Deduction Area.

Tips:

• To see how a Deduction Amount is specifically processed, refer to the Deduction Method Code.

• To specify if zero Deduction Amounts are allowed for deductions associated with fringe benefits, NDS Technical Support sets the appropriate Payroll Parameter.

Format:  5.2 numeric