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

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Symmetry Set Up - MN
Symmetry Set Up - MN

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At line 2 changed one line
!!!MASSACHUSETTS STATE TAX CALCULATION
!!!MINNESOTA STATE TAX CALCULATION
At line 5 changed 10 lines
!!Michigan State Tax Calculation
On [IPUTR], there is a list of applicable taxes to be calculated for State of Michigan:
|26-000-0000-SIT-000|Michigan State Tax
|26-000-0000-ER_SUTA-000|Michigan State Unemployment Tax
If UPUTR is run with list of IDTX Jurisdictions, then the following entry may exist:
|26-000-1619197-CITY-000|Big Rapids City Tax
|26-000-619906-CITY-000|Albion City Tax
|26-000-1617959-CITY-000|Detroit City Tax
\\
!!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
\\ \\
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!MI – IPRLU Set Up
!MN – IPRLU Set Up
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|TOTALALLOWANCES|Optional\\Enter the total number of allowances
|PREDOMINANT_CITY|Optional\\ \\This is only used for Multiple Tax Jurisdictions
*If these identifiers do not exist, [UPCALC] will generate the default entries for the identifiers.
At line 21 changed one line
%%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.%%
|FILINGSTATUS|Mandatory\\''S'-single, 'M'-married, or 'MH'-married but w/h at higher single rate.
|TOTALALLOWANCES|Optional\\Enter the total number of allowances
At line 24 changed one line
!MI – ER SUTA Rate
!MN – ER SUTA Rate
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#*This rate is applicable for the entire company within the State of Michigan.
#*This rate is applicable for the entire company within the State of Minnesota.
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\\ \\
\\ \\
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!MI – City Taxes
!MN – IPPC / PC Usages
IPPC – Set up Pay Components by PC Usages
\\
In order to 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
\\ \\
----
!MN – Special Taxes
At line 37 removed 10 lines
#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
If [UPUTR] is run with list of [IDTX] jurisdictions, the following entries will exist with the default City tax rates.
|26-000-1619197-CITY-000|Big Rapids City Tax
|26-000-619906-CITY-000|Albion City Tax
|26-000-620755-CITY-000 |Battle Creek City Tax
|26-000-1617959-CITY-000|Detroit City Tax
City taxes are calculated by GNIS code, please set up Pay Components for City Tax PC Usages.
At line 47 added 4 lines
#Minnesota Workforce Enhancement Fee - By default, the following taxes will be calculated unless the [IPUTR] ‘Do Not Calculate’ toggle is checked or [IPRLU] ‘SUI ER Method’ = ‘Do not Calculate’.
#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%.
#Minnesota Federal Loan Interest Assessment - The Minnesota Federal Loan Interest Assessment is set at a rate of 0, therefore this is not calculated.
\\ \\
At line 49 changed 3 lines
!MI – Trial Calc Example
[Symmetry Set Up - MI_01.jpg]\\ \\
Work GEO: MI 26-107-1619197 Big Rapids\\
!MN – Trial Calc Example
[Symmetry Set Up - MN_01.jpg]\\ \\
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PREDOMINANT_CITY = 0\\
TOTALALLOWANCES = 0
MN0001 FILINGSTATUS = S
MN0002 TOTALALLOWANCES = 0
At line 56 changed 11 lines
|PC 8046 Res SIT Earn|= 2183.31
|PC 8056 Res SSP Earn|= 908.25
|PC 6042 Res SIT|= 94.97
|PC 6052 Res SIT Sup|= 39.51
| |
|PC 6703 SUI ER Contr|= 3403.85 x IPUTR 26-000-0000-ER_SUTA-000 Overridden Rate 0.103
| |= 350.60
|PC 6951 Res CITY Tax|= 2183.31 x IPUTR 26-000-1619197-CITY-000 Rate 0.01
| |= 21.83
|PC 6953 Res CITY Sup Tax|= 908.25 x IPUTR 26-000-1619197-CITY-000 Rate 0.01
| |= 9.08
|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\\ \\%%information Note: Minnesota Additional Assessment is a percentage of SUTA tax calculation not a percentage of the taxable wages.%%
At line 72 removed 3 lines
This page (revision-6) was last changed on 26-Nov-2021 10:22 by jmyersTop