This page (revision-9) was last changed on 26-Nov-2021 10:22 by kparrott

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

Only authorized users are allowed to rename pages.

Only authorized users are allowed to delete pages.

Page revision history

Version Date Modified Size Author Changes ... Change note
9 26-Nov-2021 10:22 6 KB kparrott to previous
8 26-Nov-2021 10:22 6 KB JMyers to previous | to last
7 26-Nov-2021 10:22 6 KB JMyers to previous | to last
6 26-Nov-2021 10:22 6 KB JMyers to previous | to last
5 26-Nov-2021 10:22 6 KB RForbes to previous | to last
4 26-Nov-2021 10:22 6 KB RForbes to previous | to last
3 26-Nov-2021 10:22 5 KB RForbes to previous | to last
2 26-Nov-2021 10:22 5 KB RForbes to previous | to last
1 26-Nov-2021 10:22 5 KB RForbes to last

Page References

Incoming links Outgoing links
HIRE Act (2010)...nobody
HIRE Act (2010)

Version management

Difference between version and

At line 1 added 2 lines
[{TableOfContents }]
At line 15 changed one line
!FICA Incentive Set Up Requirements
!!FICA Incentive Set Up Requirements
At line 22 added one line
%%information Note: ** If you are currently using only one element to store FICA EE/ER and MEDI EE/ER wages, these will need to be separated. A separate element must be defined for the FICA ER WAGES as this is the element that will be affected for FICA ER taxes.%%
At line 21 removed 2 lines
Note: ** If you are currently using only one element to store FICA EE/ER and MEDI EE/ER wages, these will need to be separated. A separate element must be defined for the FICA ER WAGES as this is the element that will be affected for FICA ER taxes.
At line 27 changed one line
5. In the [IMVR] Screen, create new constant values for the User Calc we will be defining:
5. In the [IMVR] Screen, create new constant values for the User Calc we will be defining:\\
At line 32 changed one line
6. In the [IMUC] sreate a Payroll User Calc. The User Calc will:
6. In the [IMUC] screen create a Payroll User Calc. The User Calc will:
At line 38 added 4 lines
7. In the [IMUC] screen create a Payroll UserCalc to cap Pay Component amount for FICA Incentive Wages. The UserCalc will:
;:a. Determine if the pay component for FICA Incentive Wages is greater than the Pay Component for the FICA Employee Earnings
;:b. If yes, store the FICA Employee Earnings (e.g. PC 6202) pay component amount into the pay component for the for FICA Incentive Wages (e.g. PC 9000)
At line 47 changed 2 lines
| 105 | LET | PC | 9000 | EQ | V | FICA Incentive Wages | 99999 |
| 99999 | EXIT | | | | | | |
| 105 | LET | PC | 9000 | EQ | V | FICA Incentive Wages | 99999 |
| 99999 | EXIT | | | | | | |
At line 50 changed one line
!Special Notes
!!Special Notes
#The value in PC 9000 will be subtracted from the FICA ER GROSS element
#The first line of the UserCalc checks to see if the current pay issue date is after the FICA Incentive Expiration Date (01-Jan-2011); If so, the UserCalc must exit.
#The FICA Wages Reduced $ is calculated as follows:\\FICA Wages Reduced $ = FICA ER WAGES (element) – FICA INCENTIVE (element)
#The UserCalc must be placed on the pay point set before taxes are calculated (e.g. Pay Point Type = 50 More Ben/Dedns)
#The UserCalc for capping the FICA Incentive Wages must be placed on the pay point set after taxes are calculated (e.g. Pay Point Type = 70 After Gov Calc)
#For the 941 report;\\a. Add the FICA taxable wages for the EE, ER and the FICA Incentive Wages and use the total for box 5a.\\b. For box 6c you would report just the FICA Incentive Wages.
At line 52 changed 11 lines
1. The value in PC 9000 will be subtracted from the FICA ER GROSS element
2. The first line of the UserCalc checks to see if the current pay issue date is after the FICA Incentive Expiration Date (01-Jan-2011); If so, the UserCalc must exit.
3. The FICA Wages Reduced $ is calculated as follows:
FICA Wages Reduced $ = FICA ER WAGES (element) – FICA INCENTIVE (element)
4. The UserCalc must be placed on the pay point set before taxes are calculated (e.g. Pay Point Type = 50 More Ben/Dedns)
!Calculation Examples
!!Calculation Examples
At line 69 changed one line
|FICA employer tax (calculated by Vertex) | $3.10
|FICA employer tax (calculated by Symmetry) | $3.10
At line 75 changed one line
|FICA employer tax (calculated by Vertex) | $ 0
|FICA employer tax (calculated by Symmetry) | $ 0
At line 78 changed one line
!Retro Adjustments
!!Retro Adjustments
At line 83 removed 2 lines
[{If var='loginstatus' contains 'authenticated'
At line 86 changed 5 lines
![Discussion|Edit:Internal.HIRE Act (2010)]
[{InsertPage page='Internal.HIRE Act (2010)' default='Click to create a new discussion page'}]
}]
![Notes|Edit:Internal.HIRE Act (2010)]
[{InsertPage page='Internal.HIRE Act (2010)' default='Click to create a new notes page'}]
This page (revision-9) was last changed on 26-Nov-2021 10:22 by kparrottTop