Tips and Tricks

March 28th, 2014

Monthly premium amount and amount per pay period

Employee file / « Insurance » tab: The employee’s total contribution shown in the « Premium » tab represents the monthly contribution. To obtain the employee contribution per pay period, you have to apply the following formula: Employee contribution per pay period = (Total monthly contribution x 12) / Annual Number of pay periods (e.g 26, 52 etc.).

You can also verify the employee contribution per pay period in the «Contribution Table» tab.