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 - NV
Symmetry Set Up - NV

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At line 2 changed one line
!!!NEVADA STATE TAX CALCULATION
!!!NEBRASKA STATE TAX CALCULATION
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!!Nevada State Tax Calculation
On [IPUTR], there is a list of applicable taxes to be calculated for State of Nevada:
|32-000-0000-ER_SUTA-000|Nevada State Unemployment Tax
|32-000-0000-ER_SUTA_SC-023|Nevada Career Enhancement Program
|32-000-0000-ER_POP-001|Nevada MBT Financial Institution
|32-000-0000-ER_POP-002|Nevada MBT General Business
!!Nebraska State Tax Calculation
On [IPUTR], there is a list of applicable taxes to be calculated for State of Nebraska:
|31-000-0000-SIT-000|Nebraska State Tax
|31-000-0000-ER_SUTA-000|Nebraska State Unemployment Tax
At line 12 changed 2 lines
!NV – IPRLU Set Up
There is no state tax for Nevada, therefore, [IPRLU] Miscellaneous Tax parameters are not required to be set up for Nevada.
!NE – IPRLU Set Up
The Miscellaneous Tax Parameters must be set up for the following Miscellaneous 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
|MINIMUMRATE|Optional\\Enter 'True' or 'False'\\ \\When an employee qualifies for the minimum withholding rate, set this to 'True', otherwise the system defaults to 'False'.
|NONRESPERCENTAGE|Optional\\For Non-Resident employees performing personal services only, e.g. 75 for 75%\\ \\If a non-resident employee performing personal services works 75% of the time in Nebraska, then enter '75'. When this NONRESPERCENTAGE > 0, Symmetry will compute the tax on total wages and then multiply the result by this percentage.\\ \\http://www.revenue.ne.gov/info/8-515.pdf\\ \\For Resident employee, default to 0
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!NV – ER SUTA Rate
!MT – NE SUTA Rate
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#*This rate is applicable for the entire company within the State of Nevada.
#*This rate is applicable for the entire company within the State of Nebraska.
At line 27 changed 2 lines
!NV – IPPC / PC Usages
[IPPC] – Set up Pay Components by PC Usages
!NE– Trial Calc Example
[Symmetry Set Up - NE_01.jpg]\\ \\
Work GEO: NE 31-055-835483 Omaha, NE\\ \\
[IPRLU Miscellaneous Tab|IPRLU#MiscellaneousTab]\\
FILINGSTATUS = S
TOTALALLOWANCES = 0
NONRESPERCENTAGE = 0
MINIMUMRATE = FALSE
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In order to set up [IPPC] Pay Components for the following PC Usages if these taxes are to be calculated.
||Usage||Description
|7440 State|SUI NV-Career Enhance Tax
|7441 State|SUI NV-MBT Financial Tax
|7442 State|SUI NV-MBT Gen Business Tax
\\ \\
|PC 8046 Res SIT Earn|= 2183.31
|PC 8056 Res SSP Earn|= 908.25
| |
|PC 6042 Res SIT|= 115.47
|PC 6052 Res SIT Sup|= 908.25 x 5% = 45.41
| |
|PC 6703 SUI ER Contr|= 3241.80 x IPUTR 31-000-0000-ER_SUTA-000 Overridden Rate 0.0866
| |= 280.74
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!NV – Career Enhancement Program (CEP)
![Notes|Edit:Internal.Symmetry Set Up - NE]
[{InsertPage page='Internal.Symmetry Set Up - NE' default='Click to create a new notes page'}]
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The Nevada Career Enhancement Program tax (CEP) will NOT be computed for companies who pay the full rate for Nevada ER SUTA (e.g. 5.45% in 2010).
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If the [IPUTR] ER SUTA Overridden rate is the full SUTA rate as set out by the government for the payroll year, CEP will not be calculated, otherwise CEP will be calculated.
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Example:
|2010 Nevada ER SUTA Rate is:|0.0545 |
|IPUTR Overridden Rate:|0.0445 is passed for US Taxation|
| | |
|PC 6703 SUI ER Cont|1923.08 x 0.0445 = 85.58|(Reduced SUTA Rate is used)
| | |
|PC 5340 NV-Career Enhance Tax|1923.08 x 0.0005 = 0.96|
%%information Note:If [IPUTR] Overridden Rate is the full rate of 0.0545, then CEP will not be calculated.%%
\\ \\
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!NV – Percent of Payroll Tax
The following taxes are supposed to be computed on the total wages of a complete payroll run for employees who worked in Nevada. However, in order to be able make a journal entry to the General Ledger that will charge the cost at the employee level for state of Nevada, these Percent of Payroll taxes are calculated for each employee.
|32-000-0000-ER_POP-001|Nevada MBT Financial Institution
|32-000-0000-ER_POP-002|Nevada MBT General Business
;[IPUTR] - Employer POP Tax:
#Nevada MBT Financial Institution
#Nevada MBT General Business - By default, this tax will be calculated unless the ‘Do Not Calculate’ toggle is checked.
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![Notes|Edit:Internal.Symmetry Set Up - NV]
[{InsertPage page='Internal.Symmetry Set Up - NV' default='Click to create a new notes page'}]
This page (revision-6) was last changed on 26-Nov-2021 10:22 by jmyersTop