This page (revision-4) was last changed on 26-Nov-2021 10:22 by jmyers

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Symmetry Set Up - MA
Symmetry Set Up - MA

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At line 2 changed 2 lines
!!!IOWA STATE TAX CALCULATION
!!!MASSACHUSETTS STATE TAX CALCULATION
At line 5 removed 61 lines
!!Iowa State Tax Calculation
On [IPUTR], there is a list of applicable taxes to be calculated for State of Iowa:
|19-000-0000-SIT-000|Iowa State Tax
|19-000-0000-ER_SUTA-000|Iowa State Unemployment Tax
|19-000-0000-ER_SUTA_SC-046|Iowa Reserve Fund
|19-000-0000-ER_SUTA_SC-047|Iowa Administrative Surcharge Tax
\\
----
!IA – IPRLU Set Up
The Miscellaneous Tax Parameters must be set up for the following Miscellaneous Identifiers
*If these identifiers do not exist, [UPCALC] will generate the default entries for the identifiers.
||Miscellaneous Identifiers||Description
|FILINGSTATUS|Mandatory\\The valid filing statuses are: 'S'-single or 'M'-married.
|TOTALALLOWANCES|Optional\\Enter the total number of allowances.
\\ \\
----
!IA – ER SUTA Rate
ER SUTA may be bypassed on [IPUTR] with ‘Do not Calculate’ or [IPRLU] ‘SUI ER Method’ = ‘Do not Calculate’.
There are two options to set up the ER SUTA rate by state:
#IPUTR
#*Enter the SUTA ER rate that is given by the government on the Override Tax Rate field.
#*This rate is applicable for the entire company within the State of Iowa.
#IDGV
#*If there is a specific rate given by the government for a different State Registration #, then enter the rate on [IDGV] by ‘Reg Type’; this overrides the [IPUTR] rate.
\\ \\
----
!IA – IPPC / PC Usages
[IPPC] – Set up Pay Components by PC Usages
||Usage||Description
|7220|IA- Reserved Tax - Since the Tax Rate for this tax is zero, this does not need to set this up
\\ \\
----
!IA – Special Taxes
IPUTR - Employer SUTA Surcharge Tax
#Iowa Reserve Fund - The Tax Rate for the Iowa Reserve Fund is set at 0 by the government, therefore this tax is not calculated
#Iowa Administrative Surcharge Tax - The Tax Rate is set at 0 by the government, therefore this tax is not calculated
\\ \\
----
!IA – Trial Calc Example
[Symmetry Set Up - IA_01.jpg]\\ \\
[IPRLU Miscellaneous Tab|IPRLU#MiscellaneousTab]\\
IA0001 - FILINGSTATUS = S
|PC 8046 Res SIT Earn|= 1729.97
|PC 6042 Res SIT|= 77.07
| |
|PC 8056 Res SSP Earn|= 899.58 x 0.06
|PC 6052 Res Supp Tax|= 53.97
| |
|PC 6703 SUI ER Contr|= 2923.08 x IPUTR 19-000-0000-ER_SUTA-000 Override Tax Rate 0.09
| |= 263.08
| |
|PC 6721 SDI EE|= 2923.08 x IPUTR 15-000-0000-SDI-000 Tax Rate 0.00005
| |= 0.15
;Iowa Reserve Fund and Iowa Administrative Surcharge Tax:The Tax Rates are set at 0 by the government, therefore these taxes are not calculated.----
![Notes|Edit:Internal.Symmetry Set Up - MA]
[{InsertPage page='Internal.Symmetry Set Up - MA' default='Click to create a new notes page'}]
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\\ \\
----
!MA – Trial Calc Example
[Symmetry Set Up - LA_01.jpg]\\ \\
[IPRLU Miscellaneous Tab|IPRLU#MiscellaneousTab]\\
MA0002 HEADOFHOUSEHOLD = TRUE
|PC 8046 Res SIT Earn|= 2490.83
|PC 6042 Res SIT|= 114.59
| |
|PC 8056 Res SSP Earn|= 452.88 x 5.3 %
|PC 6052 Res Supp Tax|= 24.00
| |
|PC 6500 MA-Health Insurance Tax|= 3250.00 x IPUTR 25-000-0000-ER_UHI-000 Tax Rate 0.00
| |= 3250.00 x default built in rate (0.0024)
| | = 7.80
| |
|PC 6501 MA-Workforce Training Tax|= 3250.00 x IPUTR 25-000-0000-ER_SUTA_SC-018 Tax Rate 0.0006
| |= 1.95
| |
|PC 6703 SUI ER Contr|= 3250.00 x IPUTR 25-000-0000-ER_SUTA-000 Override Tax Rate 0.1233
| |= 400.73
----
![Notes|Edit:Internal.Symmetry Set Up - MA]
[{InsertPage page='Internal.Symmetry Set Up - MA' default='Click to create a new notes page'}]
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24.5 MA – Trial Calc Example
IPRLU - MA0002 HEADOFHOUSEHOLD = TRUE
PC 8046 Res SIT Earn = 2490.83
PC 6042 Res SIT = 114.59
PC 8056 Res SSP Earn = 452.88 x 5.3 %
PC 6052 Res Supp Tax = 24.00
PC 6500 MA-Health Insurance Tax = 3250.00 x IPUTR 25-000-0000-ER_UHI-000 Tax Rate 0.00
= 3250.00 x default built in rate (0.0024)
= 7.80
PC 6501 MA-Workforce Training Tax = 3250.00 x IPUTR 25-000-0000-ER_SUTA_SC-018 Tax Rate 0.0006
= 1.95
PC 6703 SUI ER Contr = 3250.00 x IPUTR 25-000-0000-ER_SUTA-000 Override Tax Rate 0.1233
= 400.73
This page (revision-4) was last changed on 26-Nov-2021 10:22 by jmyersTop