To fix the error:
1) Verify that the Payroll Item is valid and active.
-Navigate to Lists > Employees > Payroll Items
-Mark Show Inactives check box to include inactive payroll items on the list
-Locate the payroll item using the Internal ID or the Payroll Item Name.
-If payroll item is inactive choose a replacement or unmark the Inactive box if the payroll item should still be active
-If payroll item is not on the list choose a replacement or create a new one.
-Update the csv file with the correct internal id.
2) Check if the payroll item is associated with the Employee record
-Navigate to Lists > Employees > Employees
-Click View on the Employee record
-Navigate to Payroll tab
-Check if the payroll item is setup under the Earnings, Taxes, Deductions, Company Contributions, or Accrued Time subtab.
-Update the employee record with the payroll item if needed.
3) Re-import the csv file.
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