This page (revision-6) was last changed on 26-Nov-2021 10:22 by jmyers

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

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
6 26-Nov-2021 10:22 3 KB jmyers to previous
5 26-Nov-2021 10:22 3 KB jmyers to previous | to last
4 26-Nov-2021 10:22 6 KB jmyers to previous | to last
3 26-Nov-2021 10:22 6 KB jmyers to previous | to last
2 26-Nov-2021 10:22 7 KB jmyers to previous | to last
1 26-Nov-2021 10:22 3 KB jmyers to last

Page References

Incoming links Outgoing links
Symmetry Set Up - MN
Symmetry Set Up - MN

Version management

Difference between version and

At line 71 added 13 lines
!!Minnesota State Tax Calculation
On [IPUTR], there is a list of applicable taxes to be calculated for State of Minnesota:
|27-000-0000-SIT-000|Minnesota State Tax
|27-000-0000-ER_SUTA-000|Minnesota State Unemployment Tax
|27-000-0000-ER_SUTA_SC-019|Minnesota Workforce Enhancement Fee
|27-000-0000-ER_SUTA_SC-042|Minnesota Additional Assessment
|27-000-0000-ER_SUTA_SC-043|Minnesota Federal Loan Interest Assessment
\\
----
!MN – IPRLU Set Up
The Miscellaneous Tax Parameters must be set up for the following Miscellaneous Identifiers
|TOTALALLOWANCES|Optional\\Enter the total number of allowances
|PREDOMINANT_CITY|Optional\\ \\This is only used for Multiple Tax Jurisdictions
At line 85 added 21 lines
%%information Note:Resident taxes are computed on ALL state wages, not just the wages earned in the resident city. In addition, if wages are earned in multiple Michigan cities (each having a withholding tax), only the “predominant” city is taxed for nonresident purposes. To indicate the “predominant” city, the “PREDOMINANT_CITY” State Miscellaneous parameter for Michigan needs to be set to the GNIS feature ID of the nonresident city.\\ \\e.g. set IPRLU PREDOMINANT_CITY to 1619197 for Big Rapids\\ \\In most cases, PREDOMINANT_CITY should not be entered. When this is entered, the Non-Resident tax will be calculated at Non-Resident rate.%%
26.1 – 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
FILINGSTATUS - Mandatory
- ''S'-single, 'M'-married, or 'MH'-married but w/h at higher single rate.
TOTALALLOWANCES - Optional, enter the total number of allowances
26.2 MN – ER SUTA Rate
User may bypass ER SUTA on IPUTR with ‘Do not Calculate’ or IPRLU ‘SUI ER Method’ = ‘Do not Calculate’.
There are 2 options to set up ER SUTA Rate by State:
(1) IPUTR - enter the SUTA ER Rate that is given by the Government on the Overridden Tax Rate field
- this rate is applicable for the entire company for State of Minnesota
At line 108 added 2 lines
(2) IDGV - if there is a specific rate given by the government for different State Registration #,
- then enter on IDGV by ‘Reg Type’, this overrides the IPUTR Rate
At line 111 added 56 lines
26.3 MN – IPPC / PC Usages
IPPC – Set up Pay Components by PC Usages
If user wants to calculate the following taxes, please set up IPPC for these PC Usages:
Usage Description
7340 MN-Workforce Enhance Fee
7341 MN-Addn Assessment Tax
7342 MN-Fed Loan Assess Interest
26.4 MN – Special Taxes
IPUTR - Employer SUTA Surcharge Tax
(1) Minnesota Workforce Enhancement Fee
- by default, the following taxes will be calculated unless IPUTR ‘Do Not Calculate’ Toggle is checked or IPRLU ‘SUI ER Method’ = ‘Do not Calculate’
(2) Minnesota Additional Assessment
- the Minnesota Additional Assessment is a percentage of the tax calculation not a percentage of the taxable wages. For the tax years 2006 through 2010, the rate is 14%.
(3) Minnesota Federal Loan Interest Assessment
- the Minnesota Federal Loan Interest Assessment is set at Rate of 0, therefore this is not calculated
26.5 MN – Trial Calc Example
IPRLU
MN0001 FILINGSTATUS = S
MN0002 TOTALALLOWANCES = 0
PC 8046 Res SIT Earn = 1940.61
PC 6042 Res SIT = 116.00
PC 8056 Res SSP Earn = 1834.75 x 6.25 % = 114.67 Round to nearest dollar
PC 6052 Res Supp Tax = 115.00
PC 6540 MN-Workforce Enhance Fee = 4115.39 x IPUTR 27-000-0000-ER_SUTA_SC-019 Tax Rate 0.0012
= 4.94
PC 6703 SUI ER Contr = 4115.39 x IPUTR 27-000-0000-ER_SUTA Override Tax Rate 0.0952
= 391.79
PC 6541 MN-Addn Assessment Tax = 391.79 x IPUTR 27-000-0000-ER_SUTA_SC-042 Tax Rate 0.14 = 54.85
- Note: Minnesota Additional Assessment is a percentage of SUTA tax calculation not a percentage of the taxable wages.
This page (revision-6) was last changed on 26-Nov-2021 10:22 by jmyersTop