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
!!!MONTANA STATE TAX CALCULATION
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!MT – 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 Montana.
#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.
\\ \\
----
!MT – Special Taxes
In order to calculate the following taxes, set up [IPPC] for these PC Usages:
||Usage||Description
|7370|MT-Admin Fund Tax
;IPUTR - Employer SUTA Surcharge Tax:Montana Administrative Fund Tax - 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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!MT – UPCALC Example
[Symmetry Set Up - MT_01.jpg]\\ \\
Work GEO: 30-001-782283 Dell, Montana\\ \\
[IPRLU Miscellaneous Tab|IPRLU#MiscellaneousTab]\\
Pay# 5
|PC 8046 Res SIT Earn|= 3004.25
|PC 8056 Res SSP Earn|= 918.95
|PC 6045 Res SIT|= 164.00
|PC 6047 Res SIT Sup|= 918.95 x 6% = 55.18
| |= 55.00
%%information Note:[IPUTP] STATE_ROUNDING is set with value = DEFAULT or NO, the State tax results are always rounded%%
|PC 6703 SUI ER Contr|= 4269.23 x IPUTR 30-000-0000-ER_SUTA-000 Overridden Rate 0.063000
| |= 268.96
| |
|PC 6570 MT-Admin Fund Tax|= 4269.23 x IPUTR 30-000-0000-ER_SUTA_SC-022 Overridden Rate 0.012
| |= 51.23
----
![Notes|Edit:Internal.Symmetry Set Up - NV]
[{InsertPage page='Internal.Symmetry Set Up - NV' default='Click to create a new notes page'}]
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!NV – IPRLU Set Up
!MT – IPRLU Set Up
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%%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
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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
NOTE:
If IPUTR Overridden Rate is the full rate of 0.0545, then CEP will not be calculated.
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;[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'}]
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31.4 NV – Percent of Payroll Tax
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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 to journalize to General Ledger with Journal Entries to 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
(1) Nevada MBT Financial Institution
(2) Nevada MBT General Business
- by default, this tax will be calculated unless the ‘Do Not Calculate’ Toggle is checked
This page (revision-6) was last changed on 26-Nov-2021 10:22 by jmyersTop