Solve-It is accessible in the Paycheck calculator by selecting Solve-It! under the Paycheck context tab (on the ribbon bar, only available when the Paycheck calculator is active).
Note: | The Solve-It button is enabled when either the Proposed #1 or Proposed #2 paycheck is selected; it will perform the action on the selected paycheck. |
Solve-It allows for quickly solving several calculations:
1.Calculate a quick maximum allowable contribution, including the mature saver catch up.
Note: | The Quick Maximum does not take into consideration the 402(g)(7) catch-up for 403(b) plans. |
2.Deposit a specific percent of the gross pay to the qualified plan.
3.Deposit a specific dollar value to the qualified plan.