How do I resolve the run error: "Income base required for component"?

How do I resolve the run error: "Income base required for component"?

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This feature is available on all PaySpace editions

The run error "Income base required for component" will display when the income base for the referenced component has not been configured.

      

      Navigate > Config > Payroll >  Payroll Config > Payroll Components

Step 1: Edit the affected component and select "Click here to add Company Income Base to this component" link.

      

Step 2:  Complete the fields associated defining an Income Base.

      

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