A check template contains default settings to assist when creating checks that have specific earning, deduction, and withholding settings. Check templates are often used when an employee receives a check in addition to regular pay (for example, a monthly or quarterly bonus) or if you want the check taxed differently than the employee's standard withholding.
The templates automatically pull in the Bonus earning type if one of the three bonus templates is selected, but the earning type can be changed to a different earning type available at the client level, if desired. If needed, you can modify a check created with a check template.
From the Multiple Pay View screen, select the check and then click EDIT.
Name – Read only. Displays the name for the check template.
Description - Read only. Displays the description for the check template.
The Check Template grid contains any custom templates and the following predefined check templates:
Regular Template - This template contains all recurring earnings and deductions with standard taxation.
Bonus - FICA Only – Bonus check. Blocks all earnings and deductions with the exception of retirement plans. Only Social Security Tax and Medicare Tax (FICA) will be withheld.
Bonus - Standard Taxes Withheld – Bonus check. Blocks all earnings and deductions with the exception of retirement plans. Taxed as normal.
Bonus - Supplemental Taxes Withheld – Bonus check. Blocks all earnings and deductions with the exception of retirement plans. Earnings are taxed based on the supplemental schedule.
Supplemental Pay – Supplemental (for example, bonus) check with deductions and taxes applied according to supplemental pay regulation.
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To request a custom check template, please contact you Paychex representative. |