This page (revision-4) 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
4 26-Nov-2021 10:22 2 KB jmyers to previous
3 26-Nov-2021 10:22 5 KB jmyers to previous | to last
2 26-Nov-2021 10:22 5 KB jmyers to previous | to last
1 26-Nov-2021 10:22 2 KB jmyers to last

Page References

Incoming links Outgoing links
Symmetry Set Up - MS
Symmetry Set Up - MS

Version management

Difference between version and

At line 1 added 3 lines
[{TableOfContents }]
!!!MISSISSIPPI STATE TAX CALCULATION
[{InsertPage page='Symmetry General State Tax Calculation Set Up' section=1}]
At line 5 added 12 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
*If these identifiers do not exist, [UPCALC] will generate the default entries for the identifiers.
At line 18 added 6 lines
|FILINGSTATUS|Mandatory\\''S'-single, 'M'-married, or 'MH'-married but w/h at higher single rate.
|TOTALALLOWANCES|Optional\\Enter the total number of allowances
\\ \\
----
!MN – ER SUTA Rate
ER SUTA may be bypassed on [IPUTR] with ‘Do not Calculate’ or [IPRLU] ‘SUI ER Method’ = ‘Do not Calculate’.
At line 25 added 17 lines
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 Minnesota.
#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.
\\ \\
----
!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
At line 43 added 6 lines
!MN – Special Taxes
IPUTR - Employer SUTA Surcharge Tax
\\ \\
#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 50 added 5 lines
!MN – Trial Calc Example
[Symmetry Set Up - MN_01.jpg]\\ \\
[IPRLU Miscellaneous Tab|IPRLU#MiscellaneousTab]\\ \\
MN0001 FILINGSTATUS = S
MN0002 TOTALALLOWANCES = 0
At line 56 added 16 lines
|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.%%
----
![Notes|Edit:Internal.Symmetry Set Up - MS]
[{InsertPage page='Internal.Symmetry Set Up - MS' default='Click to create a new notes page'}]
At line 9 changed one line
27 MS – Mississippi
!!Mississippi State Tax Calculation
On [IPUTR], there is a list of applicable taxes to be calculated for State of Mississippi:
|28-000-0000-SIT-000|Mississippi State Tax
|28-000-0000-ER_SUTA-000|Mississippi State Unemployment Tax
|28-000-0000-ER_SUTA_SC-020|Mississippi Workforce Training Enhancement
\\
----
!MS – IPRLU Set Up
The Miscellaneous Tax Parameters must be set up for the following Miscellaneous Identifiers
|FILINGSTATUS|Mandatory\\'S'-single, 'M1'-married one spouse working, or 'M2'-married both spouses working, or 'H'-head of household.
|TOTALEXEMPTIONAMT|Optional\\Enter the total exemption amount (in dollars).
\\ \\
----
!MN – ER SUTA Rate
ER SUTA may be bypassed on [IPUTR] with ‘Do not Calculate’ or [IPRLU] ‘SUI ER Method’ = ‘Do not Calculate’.
At line 11 changed 33 lines
On IPUTR, there is a list of applicable Taxes to be calculated for State of Mississippi:
28-000-0000-SIT-000 Mississippi State Tax
28-000-0000-ER_SUTA-000 Mississippi State Unemployment Tax
28-000-0000-ER_SUTA_SC-020 Mississippi Workforce Training Enhancement
27.1 MS – IPRLU Set Up
- The Miscellaneous Tax Parameters must be set up for the following Miscellaneous Identifiers
FILINGSTATUS - Mandatory
- 'S'-single, 'M1'-married one spouse working, or 'M2'-married both spouses working, or 'H'-head of household.
TOTALEXEMPTIONAMT - Optional, enter the total exemption amount (in dollars).
27.2 MS – 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 Rate field
- this rate is applicable for the entire company for State of Mississippi
(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
27.3 MS – Special Taxes
If user wants to calculate the following taxes, please set up IPPC for these PC Usages:
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 Mississippi.
#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.
\\ \\
----
!MS – Special Taxes
In order to calculate the following taxes, set up [IPPC] for these PC Usages:
At line 45 changed 2 lines
Usage Description
7360 MS-Workforce Training Enhancement
||Usage||Description
|7360|MS-Workforce Training Enhancement
This page (revision-4) was last changed on 26-Nov-2021 10:22 by jmyersTop