Deduction Name

The name of the deduction whose information you're viewing appears in this field. Enter a unique name in this field when creating a new deduction.

Linked Payable Account

The Linked Payable Account fields of the Deduction Information, Employer Expense Information and Tax Table Information windows allow you to enter the account that tracks the amounts withheld from employee paychecks, as well as the amounts owed to the government by your company as employer expenses.

For most businesses, the same account is used in the Linked Payable Account field in the Deduction Information, Employer Expense Information and Tax Table Information windows. If you wish to track withholding amounts separately, you can use different accounts in these fields.

Type of Deduction

Select the type of deduction:

• User-Entered Amount per Pay Period: Choose this selection if you want to manually enter the dollar amount subtracted by this deduction on employee paychecks.

• Equals -- Percent of: Choose this selection if you want this deduction to subtract a percentage of a wage from employee paychecks. If you choose this selection, enter a percentage and select a wage from the list to indicate which wage the percentage will be based on.
  
  If you'd like to use a calculator, select the plus sign ("+"), the asterisk ("*"), the equal sign ("=") or the space bar on your keyboard to launch the Calculator window.

• Equals -- Dollars per: Choose this selection if you want this deduction to subtract a specific dollar amount from employee paychecks. If you choose this selection, enter a dollar amount and select a time period -- Pay Period, Month, Year or Hour -- to determine the amount that will be deducted from each paycheck.
  
  If you'd like to use a calculator, select the plus sign ("+"), the asterisk ("*"), the equal sign ("=") or the space bar on your keyboard to launch the Calculator window.

Deduction Limit

Select the Limit:

• No Limit: Choose this selection if there's no limit on the amount of money that can be subtracted from an employee's paycheck by this deduction.

• Equals -- Percent of: Choose this selection if the maximum amount of money that can be subtracted from an employee's paycheck by this deduction is a percentage of a wage. If you choose this selection, enter a percentage and select the wage that the percentage will be based on.
  
  If you'd like to use a calculator, select the plus sign ("+"), the asterisk ("*"), the equal sign ("=") or the space bar on your keyboard to launch the Calculator window.

• Equals -- Dollars per: Choose this selection if the maximum amount of money that can be subtracted from an employee's paycheck by this deduction is a specific dollar amount. If you choose this selection, enter a dollar amount and select a time period -- Pay Period, Month or Year - from the list to determine the maximum amount that can be deducted from each paycheck.
  
  If you'd like to use a calculator, select the plus sign ("+"), the asterisk ("*"), the equal sign ("=") or the space bar on your keyboard to launch the Calculator window.

Employee button

Click this button to open the Linked Employees window - Deductions, where you can list the employees who are assigned to this deduction.

Exempt button

Click this button to open the Deduction Exemptions window, where you can select the taxes that are calculated after this deduction is made from employee paychecks.

New button

Click this button to create a new employee deduction.

OK button

Click this button to accept the entries you've made and close the window.