This page (revision-18) was last changed on 26-Nov-2021 10:22 by jmyers

This page was created on 26-Nov-2021 10:22 by jmyers

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Page References

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GROSS UP AWARD PROCESS
GROSS UP AWARD PROCESS

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At line 7 changed one line
[{$applicationname}] uses third party software for legislative calculations. As a result there are no tax rates held in [{$applicationname}]. In order to calculate the gross up amount the federal, state, FICA and Medicare deduction percentages are referenced from user variables. These are then applied to the target amount to be paid to arrive at a gross pay which will, after all deductions are taken be the target amount.
Personality uses third party software for legislative calculations. As a result there are no tax rates held in Personality. In order to calculate the gross up amount the federal, state, FICA and Medicare deduction percentages are referenced from user variables. These are then applied to the target amount to be paid to arrive at a gross pay which will, after all deductions are taken be the target amount.
At line 10 changed one line
The tax rates are stored in the Vertex software and as such, [{$applicationname}] has no facility to access them for use in a process such as a gross-up. Tax percentages have been set up in the following user variables:
The tax rates are stored in the Vertex software and as such, Personality has no facility to access them for use in a process such as a gross-up. Tax percentages have been set up in the following user variables:
At line 44 changed one line
This user calc will compare the target amount and the calculated net pay from the grossed up gross and if there is a difference, it will be added to the net pay to insure that it will be exactly the target payment amount.\\ \\
This UserCalc will compare the target amount and the calculated net pay from the grossed up gross and if there is a difference, it will be added to the net pay to insure that it will be exactly the target payment amount.\\ \\
At line 51 added one line
[GrossUpAwardProcess_05.jpg]
At line 53 added 6 lines
!Process to Pay and Achievement Award with a gross up.
Achievement awards are paid in separate checks from a regular pay.
#Create a pay header(s) using the 'Gross Up' pay category.
#*[UPCPAY] can be used for a manageable group of employees to be paid. In this case, PC2500 will be manually added to the pay headers with the achievement amount entered for each employee (the target amount).
#*For a large number of employees, it may be more practical to use an Excel spread sheet to create a data load into [IPTL] which will then be loaded into pay headers using [UPTL]. This will consist of the employee number, date and amount. All other information will be defaulted into the [IDIF] that controls the load. (No IDIF has yet been built to load this data. If required a request should be entered to build it).
#The GROSS UP pay category will use the Federal Supplemental and State Supplemental percentage rates for the tax calculations. These are set as overrides to individual employee [IPRLU] settings.
At line 53 changed one line
!!Gross Up User Calc for Canada
At line 62 added 14 lines
||Global Name||Global||Type Global Length||Initial Value
|BK Stat payout|Number| |0
|Def_comp_ded|Number| |0
|EARNINGS|Number| |0
|Fl_Hol_entitle|Number| |0
|G_OT_Payout|Number| |0
|G_current_OT|Number| |0
|Gross_up_value|Number| |0
|Payout $|Number| |0
|SUNOT|Number| |0
|banked OT payout|Number| |0
|jan2|Date| |
|service-date|Date| |
|time lost|Number| |0
At line 77 added one line
!PR-GROSSUP_1
At line 57 changed 6 lines
!Process to Pay and Achievement Award with a gross up.
Achievement Awards are paid in separate checks from a regular pay.
#Create a pay header(s) using the Pay Category GROSS UP.
#*UPCPAY can be used for a manageable group of employees to be paid; in this case PC2500 will be manually added to the pay headers with the achievement amount entered for each employee (The Target amount).
#*For a large number of employees, it may be more practical to use an Excel spread sheet to create a data load into IPTL which will then be loaded into pay headers using UPTL. This will consist of the employee number, date and amount. All other information will be defaulted into the IDIF that controls the load. (No IDIF has yet been built to load this data. If required a request should be entered to build it).
#The GROSS UP pay category will use the Federal Supplemental and State Supplemental percentage rates for the tax calculations. These are set as override to individual employee IPRLU settings.
||Variable Name||Variable Type||Variable Length||Initial Value
|Tax-Fed Number| Number| |0
|Tax-St |Number| |0
At line 84 added 8 lines
||Line||Com.||Operand 1||Oper.||Operand 2||Operand 3||Go To||Else||Description
|10|LET|Variable\\Tax-Fed|PRC|Element-Current (N)\\GROSS|User Consant\\TAX_%_FED|20| |Calculate Federal and state taxes on a gross up amount based on User Variables holding the tax rate percentages. This UserCalc is in IPPP before taxes are calculated.\\++++++++++++++++++++++++\\++++++++++++++++++++++++\\++++++++++++++++++++++++\\Load Federal tax calc into a variable
|20|LET|Variable\\Tax-St|PRC|Element-Current (N)\\GROSS|User Consant\\TAX_%_STATE|30| |Load State taxes into a variable
|30|LET|Global Variable\\Gross_up_value|EQ|Pay Component - Current (N) 2011| |40| |Load the entered gross up amount, before estimated taxes are added, to be picked up by UserCalc PR-GROSSUP_2.
|40|LET|Pay Component - Current (N) 2110|ADD|Pay Component - Current (N) 2011|Variable Tax-Fed |50| |Add Fed taxes to gross up amount
|50|LET|Pay Component - Current (N) 2110|ADD|Pay Component - Current (N) 2011|Variable Tax-St|99999| |Add state taxes to gross up amount. This will represent the gross up + federal and state taxes based on UV percentages.
|99999|EXIT| | | | | | |
At line 66 changed 2 lines
![Notes|Edit:Internal.ACCOUNTS+PAYABLE+-+UPVEND]
[{InsertPage page='Internal.ACCOUNTS+PAYABLE+-+UPVEND' default='Click to create a new notes page'}]
!PR-GROSSUP_2
||Variable Name||Variable Type||Variable Length||Initial Value
|Fed_difference| Number| |0
|State_difference |Number| |0
|difference |Number| |0
|net_pay |Number| |0
||Line||Com.||Operand 1||Oper.||Operand 2 ||Operand 3||Go to||Else||Description
|10 |LET |Variable\\net_pay |SUB|Element - Current (N)\\GROSS|Element - Current (N)\\DEDUCTIONS|20| |This UserCalc finds the difference between the estimated gross up taxes and the calculated taxes. The difference is prorated and added back to the Fed and State tax deduction so that the Net Pay is the amount of the gross up pay before tax estimates are added. This UserCalc must be in the 70-After Govt Calc pay point type in IPPP\\++++++++++++++++++++++++\\++++++++++++++++++++++++\\++++++++++++++++++++
|20|IF|Global Variable\\Gross_up_value|EQ |Variable\\net_pay | |99999 |30 |Determine the net pay If the gross up value is the same as net pay,exit
|30|LET|Variable\\difference|SUB|Variable\\net_pay|Global Variable\\Gross_up_value|40| |Determine the difference between the net pay and the gross up value
|40|LET|Variable\\Fed_difference|DIV|User Constant\\TAX_%_STATE|User Constant\\TAX_%_FED|50| |Determine the ratio of Fed to State taxes and load into variable. This will be the factor to multiply the difference by to determine what portion is for Fed taxes.
|50|LET |Variable\\Fed_difference|MLT|Variable\\difference|Variable\\Fed_difference|60| |This is the amount that is the Federal Tax difference
|60|LET |Variable\\State_difference|SUB|Variable\\difference|Variable\\Fed_difference|70| |This is the amount that is the State Tax difference
|70|LET|Pay Component - Current (N)\\6000|ADD|Pay Component - Current (N)\\6000|Variable\\Fed_difference|80| |Add the Federal Tax difference to existing Federal Tax deduction
|80|LET |Pay Component - Current (N)\\6020|ADD|Pay Component - Current (N)\\6020|Variable\\State_difference| 99999| |Add the State Tax difference to the existing State Tax difference
|99999|EXIT| | | | | | |
![Notes|Edit:Internal.GROSS UP AWARD PROCESS]
[{InsertPage page='Internal.GROSS UP AWARD PROCESS' default='Click to create a new notes page'}]
This page (revision-18) was last changed on 26-Nov-2021 10:22 by jmyersTop