Absence Management Vacation manual payout earning code VPO is now available on Absence Event screen

posted Aug 25, 2016, 9:22 AM by Peyri Herrera
NEW

From MITI: We have recently added another vacation payout option through the Absence Event screen (Main Menu > Global Payroll & Absence Mgmt > Payee Data > Maintain Absences > Absence Event). Until now, the earnings code for a vacation manual payout was Vacation Pay Off, Suppl Tax (VPS). VPS payout is subject to supplemental taxation (25%). We have added another vacation manual payout tied to the earnings code Vacation Pay Off (VPO). VPO will be taxed at the normal subject tax rates.

VPO

IMPORTANT: Use caution when choosing the type of vacation manual payout as it may affect the taxation of the payout.