How to set up a flat amount for a 401K benefit?

How to set up a flat amount for a 401K benefit?

Heenry Asked on December 10, 2017 in Sage.
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    Products
    Sage 50—U.S. Edition
    Description

    How do I set up an employee to use a flat amount for a 401K Benefit when I have it set up in the program to calculate as a percentage?

    Resolution

    Solution I:

    1. Click on Maintain, Employees/Sales Reps.
    2. Select the employee that wants to use a flat rate.
    3. Click on Withholding Info tab.
    4. Change the Percentage rate to 0.
    5. Click on the Employee Fields tab.
    6. Uncheck Use Defaults for your 401K.
    7. Uncheck Calculated for your 401K.
    8. Enter the desired flat amount in the Amount column as a negative number.
    9. Click Save.

    Source: Sage Community forums.

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    Support Team Answered on December 10, 2017.
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