Sample Liability with Surcharge Adjustments

This example provides a sample liability with surcharge adjustments. The primary client (and case nominee) is the employer, Midway Emporium. Midway Emporium is liable for insurance contributions in the amount of $100 per month from January 2005 through February 2005.

Additionally, surcharge adjustment processing is set up on the liability. The surcharge rate is 10%. The time limit for paying the liability is 1 month; surcharges will be applied to liability instruction line item that go unprocessed for over 1 month.