How to Setup Statutory for PHIC?

For instructions on how to setup Statutory for PHIC, please follow the steps outlined below.

1. From the Statutory Setup Table, select Create.

   

2. Select Statutory, then select PHIC from the dropdown list.

   

3. Fill out the needed details.

   

   4. Once you have entered all the necessary information, select a Calculation Type from the dropdown list.

   

   4-a. Calculated - select Calculation Type from the dropdown.

   

4-b. Fixed- set a Maximum Amount.

5. Once you have entered all the necessary information, click Save.