| FAQ 620: Budget--Partnership - Staff expense not being included in income calculation |
I am running a budget routine. It is calculating the staff profit sharing and match, but it is not including that in the partners' income calculation as an offset. As a result, my partners' plan comp is incorrect.
There is a coding error that affects this calculation. In the plan specs on the Benefit Limits (BENLIMIT) screen, the question "Reduce 415 in Calcs" must be answered "Yes". You can also find this notation in the budget documentation and in the on-line Help.