Summary |
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Entering a non standard student loan deduction in the Usual Amount column ensures that is the default deduction, rather than the amount specified by the tax code. -
Entering a value in the Current Period column overwrites the value for the current pay period only. -
Entering the value in both places makes the change effective immediately, and
ensures the program automatically deducts the amount each pay period. -
Note that no communication with the IRD is required for an employee to pay back
more student loan than the minimum required. | |