Thank you for the helpful response. I set up the salary payroll item as you demonstrated. 

However, how do I actually split the salary? When I enter the new payroll item in Earnings under the employees Payroll Info, QB requires the two be the same amount, but one item needs to be more annually, and the other will be considerably less. The two will total the annual salary.

Also - When I am entering payroll for direct deposit, will I manually enter the amounts for each payroll item?