On the Accrual (Deduction) Type (create) form, in addition to accrual or deduction types, you can create a payroll tax and contribution types to be used in payroll calculation. For details on accrual and deductions types,
refer to Adding an Accrual or Deduction Type.
For each tax or contribution type, you can specify how the amounts of this type should be calculated: by using a formula or as sum of specific base amounts .
On the form, there are two required fields: Description and Type (Accrual, Deduction, Tax, or Contribution).
The "Accrual (Deduction) Type (create)" form
Make sure the correct folder for the new tax or contribution type appears in the Folder field.
In the Description field, enter a name of this tax or contribution type.
<Auto> in the Code field indicates that the system will assign a unique identifier to the new object once you save it.