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

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Symmetry Set Up - MS
Symmetry Set Up - MS

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!!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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!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.
|FILINGSTATUS|Mandatory\\''S'-single, 'M'-married, or 'MH'-married but w/h at higher single rate.
|TOTALALLOWANCES|Optional\\Enter the total number of allowances
\\ \\
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!MN – 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 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.
\\ \\
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!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
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.
!MN – Trial Calc Example
[Symmetry Set Up - MN_01.jpg]\\ \\
[IPRLU Miscellaneous Tab|IPRLU#MiscellaneousTab]\\ \\
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\\ \\%%information Note: Minnesota Additional Assessment is a percentage of SUTA tax calculation not a percentage of the taxable wages.%%
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![Notes|Edit:Internal.Symmetry Set Up - MS]
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\\
;IPUTR - Employer SUTA Surcharge Tax:Mississippi Workforce Training Enhancement - The rate is assigned by the state to the employer, enter this rate to [IPUTR] Override Tax Rate. By default, the tax will be calculated unless the [IPUTR] ‘Do Not Calculate’ toggle is checked or IPRLU ‘SUI ER Method’ = ‘Do not Calculate’
\\ \\
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!MS – UPCALC Example
[Symmetry Set Up - MS.jpg]\\ \\
[IPRLU Miscellaneous Tab|IPRLU#MiscellaneousTab]\\ \\
Work GEO: 28-001-679358 Washington, Mississippi
\\
Pay# 5
|PC 8046 Res SIT Earn|= 2920.24
|PC 8056 Res SSP Earn|= 893.25
|PC 6045 Res SIT|= 136.00
|PC 6047 Res SIT Sup|= 45.00
%%information Note: [IPUTP] STATE_ROUNDING is set with value = DEFAULT or NO; the State tax results are always rounded.%%
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|PC 6703 SUI ER Contr|= 4097.06 x IPUTR 28-000-0000-ER_SUTA-000 Overridden Rate 0.054000
| |= 221.24
|PC 6560 MS-Workforce Training|= 4097.06 x IPUTR 28-000-0000-ER_SUTA_SC-020 Overridden Rate 0.015
| |= 6.15
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![Notes|Edit:Internal.Symmetry Set Up - MS]
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IPUTR - Employer SUTA Surcharge Tax
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Mississippi Workforce Training Enhancement
- the rate is assigned by the State to the Employer, please enter this rate to IPUTR Override Tax Rate
- by default, the tax will be calculated unless IPUTR ‘Do Not Calculate’ Toggle is checked or IPRLU ‘SUI ER Method’ = ‘Do not Calculate’
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27.4 MS – UPCALC Example
Work GEO: 28-001-679358 Washington, Mississippi
Pay# 5 PC 8046 Res SIT Earn = 2920.24
PC 8056 Res SSP Earn = 893.25
PC 6045 Res SIT = 136.00
PC 6047 Res SIT Sup = 45.00
Note: IPUTP STATE_ROUNDING is set with value = DEFAULT or NO, the State tax results are always Rounded
PC 6703 SUI ER Contr = 4097.06 x IPUTR 28-000-0000-ER_SUTA-000 Overridden Rate 0.054000
= 221.24
PC 6560 MS-Workforce Training = 4097.06 x IPUTR 28-000-0000-ER_SUTA_SC-020 Overridden Rate 0.015
= 6.15
This page (revision-4) was last changed on 26-Nov-2021 10:22 by jmyersTop