This page (revision-9) was last changed on 26-Nov-2021 10:22 by jmyers

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Page References

Incoming links Outgoing links
Symmetry Set Up - NJ
Symmetry Set Up - NJ

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Difference between version and

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!!New Hampshire State Tax Calculation
On [IPUTR], there is a list of applicable taxes to be calculated for State of New Hampshire:
|33-000-0000-ER_SUTA-000|New Hampshire State Unemployment Tax
33-000-0000-ER_SUTA_SC-024|New Hampshire Administrative Contribution
\\ \\
----
!NH – IPRLU Set Up
There is no state tax for New Hampshire, therefore, [IPRLU] Miscellaneous Tax parameters are not required to be set up for New Hampshire.
\\ \\
----
!NH – 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 New Hampshire.
#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.
\\ \\
----
!NH – Special Taxes
In order to calculate the following taxes, set up [IPPC] for these PC Usages:
||Usage||Description
|7410|NH-Admin Contrib Tax
;IPUTR - Employer SUTA Surcharge Tax:New Hampshire Administrative Contribution - By default, this tax will be calculated unless the [IPUTR] ‘Do Not Calculate’ toggle is checked or [IPRLU] ‘SUI ER Method’ = ‘Do not Calculate’.
\\ \\
----
!NH – Trial Calc Example
[Symmetry Set Up - NH_01.jpg]\\ \\
Work GEO: 33-009-1989087 Alexandria, NH\\ \\
[IPRLU Miscellaneous Tab|IPRLU#MiscellaneousTab]\\
Since New Hampshire state has no State tax, no set up is required
%%information Note:State Taxable Earnings will still be derived and stored for reference.%%
|PC 8046 Res SIT Earn|= 2183.31
|PC 8056 Res SSP Earn|= 908.25
|PC 6042 Res SIT|= No State Tax
|PC 6047 Res SIT Sup|= No State Sup Tax
| |
|PC 6703 SUI ER Contr|= 3403.85 x IPUTR 33-000-0000-ER_SUTA-000 Overridden Rate 0.09
| |= 306.35
| |
|PC 8610 NH-Admin Contrib Tax|= 3403.85 x IPUTR 33-000-0000-ER_SUTA_SC-024 Rate .0002
| |= 6.81----
![Notes|Edit:Internal.Symmetry Set Up - NJ]
[{InsertPage page='Internal.Symmetry Set Up - NJ' default='Click to create a new notes page'}]
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\\ \\
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!NJ – IPPC / PC Usages
IPPC – Set up Pay Components by PC Usages
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33.4 NJ – IPPC / PC Usages
In order to calculate the following taxes, set up [IPPC] for these PC Usages:
||Usage||Description
|7420 State SUI|NJ-Newark PR Tax
|7421 State SUI|NJ-Family Leave Insurance
|7422 State SUI|NJ Waterfront Tax
|7423 State SUI|NJ Work force Development
|7424 State SUI|NJ Health Care Subsidy Fund
\\ \\
----
!NJ – Special Taxes
IPUTR - Employer SUTA Surcharge Tax
#NJ Work Force Development/Supplemental Work Force
#*By default, this tax will be calculated unless the [IPUTR] ‘Do Not Calculate’ toggle is checked or [IPRLU] ‘SUI ER Method’ = ‘Do not Calculate’
#*This tax will be stored into Pay Component with Usage 7423 – NJ Work force Development
#New Jersey Family Leave Insurance
#*By default, this tax will be calculated unless the [IPUTR] ‘Do Not Calculate’ toggle is checked or [IPRLU] ‘SUI ER Method’ = ‘Do not Calculate’
#*This tax will be stored into Pay Component with Usage 7421 – NJ Family Leave Insurance
#NJ Waterfront Payroll Tax - Employer (only select NJ Harbor employers)
#*By default, this tax will be calculated unless the ‘Do Not Calculate’ toggle is checked
#*This tax will be stored into Pay Component with Usage 7422 – NJ/NY Waterfront Tax
#Newark Employer Payroll Tax
#*If the tax jurisdiction is for Newark, by default, this tax will be calculated unless the ‘Do Not Calculate’ toggle is checked
#*This tax will be stored into Pay Component with Usage 7420 – NJ-Newark PR Tax
#New Jersey Health Care Subsidy Fund
#*The New Jersey Health Care Subsidy Fund is a tax which is withheld from employee wages as a percentage of the employee’s taxable earnings until a wage base has been reached. For 2010, the wage base is $29,700 and the rate is 0.00% (.0000). Therefore, NJ Health Care Fund will be zero since the rate is set to zero.
\\ \\
----
!NJ – Trial Calc Example
[Symmetry Set Up - NJ_01.jpg]\\ \\
Work GEO: 34-013-878762 Newark, NJ\\ \\
[IPRLU Miscellaneous Tab|IPRLU#MiscellaneousTab]\\
NJ0001 - FILINGSTATUS = S\\
NJ0002 - RATETABLE = A
|PC 8046 Res SIT Earn|= 2353.41|
|PC 8056 Res SSP Earn|= 1919.65 |
| | |
|PC 6042 Res SIT|= 80.29|
|PC 6052 Res SIT Sup|= 129.59|NJ has no State Supplemental Rate\\ \\CURRENTAGGREGATION Method is automatically used
| | |
|PC 6701 SUI EE |= 4451.91 x IPUTR 34-000-0000-SUI-000 Rate .004250|
| |= 18.92|
| | |
|PC 6703 SUI ER Contr|= 4451.91 x IPUTR 34-000-0000-ER_SUTA-000 Overridden Rate 0.054|
| |= 240.40|
| | |
|PC 6721 SDI EE |= 4451.91 x IPUTR 34-000-0000-SDI-000 Rate 0.005|
| |= 22.26|
| | |
|PC 5321 NJ-Family Leave Insurance|= 4451.91 x IPUTR 34-000-0000-FLI-000 Rate 0.0012|
| | = 5.34|
| | |
|PC 5322 NJ/NY Waterfront Tax|= 4451.91 x IPUTR 34-000-0000-ER_POP-000 Rate .000198 (Check this rate)|
| | = 89.04|
| | |
|PC 5320 NJ-Newark PR Tax|= 4451.91 x IPUTR 34-000-878762-ER_POP-001 Rate .000100|
| |= 44.52|
| | |
|PC 5323 NJ-Workforce Development|= 4451.91 x IPUTR 34-000-0000-ER_SUTA_SC-048 Rate .001175|
| |= 5.23|
----
![Notes|Edit:Internal.Symmetry Set Up - NJ]
[{InsertPage page='Internal.Symmetry Set Up - NJ' default='Click to create a new notes page'}]
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IPPC – Set up Pay Components by PC Usages
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If user wants to calculate the following taxes, please set up IPPC for these PC Usages:
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Usage Description
7420 State SUI NJ-Newark PR Tax
7421 State SUI NJ-Family Leave Insurance
7422 State SUI NJ Waterfront Tax
7423 State SUI NJ Work force Development
7424 State SUI NJ Health Care Subsidy Fund
33.5 NJ – Special Taxes
IPUTR - Employer SUTA Surcharge Tax
(1) NJ Work Force Development/Supplemental Work Force
- by default, the following taxes will be calculated unless IPUTR ‘Do Not Calculate’ Toggle is checked or IPRLU ‘SUI ER Method’ = ‘Do not Calculate’
- this tax will be stored into Pay Component with Usage 7423 – NJ Work force Development
(2) New Jersey Family Leave Insurance
- by default, the following taxes will be calculated unless IPUTR ‘Do Not Calculate’ Toggle is checked or IPRLU ‘SUI ER Method’ = ‘Do not Calculate’
- this tax will be stored into Pay Component with Usage 7421 – NJ Family Leave Insurance
(3) NJ Waterfront Payroll Tax - Employer (only select NJ Harbor Employers)
- by default, this tax will be calculated unless the ‘Do Not Calculate’ Toggle is checked
- this tax will be stored into Pay Component with Usage 7422 – NJ/NY Waterfront Tax
(4) Newark Employer Payroll Tax
- if the Tax Jurisdiction is for Newark, by default, this tax will be calculated unless the ‘Do Not Calculate’ Toggle is checked
- this tax will be stored into Pay Component with Usage 7420 – NJ-Newark PR Tax
(5) New Jersey Health Care Subsidy Fund
- The New Jersey Health Care Subsidy Fund is a Tax which is withheld from employee wages as a percentage of the employee’s taxable earnings until a wage base has been reached. For 2010, the wage base is $29,700 and the rate is 0.00% (.0000).
- Therefore NJ Health Care Fund will be zero since the Rate is set to zero.
33.6 NJ – Trial Calc Example
Work GEO: NJ 34-013-878762 Newark
IPRLU
NJ0001 FILINGSTATUS = S
NJ0002 RATETABLE = A
PC 8046 Res SIT Earn = 2353.41
PC 8056 Res SSP Earn = 1919.65
PC 6042 Res SIT = 80.29
PC 6052 Res SIT Sup = 129.59 NJ has no State Supplemental Rate
- CURRENTAGGREGATION Method is automatically used
PC 6701 SUI EE = 4451.91 x IPUTR 34-000-0000-SUI-000 Rate .004250
= 18.92
PC 6703 SUI ER Contr = 4451.91 x IPUTR 34-000-0000-ER_SUTA-000 Overridden Rate 0.054
= 240.40
PC 6721 SDI EE = 4451.91 x IPUTR 34-000-0000-SDI-000 Rate 0.005
= 22.26
PC 5321 NJ-Family Leave Insurance = 4451.91 x IPUTR 34-000-0000-FLI-000 Rate 0.0012
= 5.34
PC 5322 NJ/NY Waterfront Tax = 4451.91 x IPUTR 34-000-0000-ER_POP-000 Rate .000198 (Check this rate)
= 89.04
PC 5320 NJ-Newark PR Tax = 4451.91 x IPUTR 34-000-878762-ER_POP-001 Rate .000100
= 44.52
PC 5323 NJ-Workforce Development = 4451.91 x IPUTR 34-000-0000-ER_SUTA_SC-048 Rate .001175
= 5.23
This page (revision-9) was last changed on 26-Nov-2021 10:22 by jmyersTop