This page (revision-10) 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
10 26-Nov-2021 10:22 10 KB jmyers to previous
9 26-Nov-2021 10:22 10 KB jmyers to previous | to last
8 26-Nov-2021 10:22 11 KB jmyers to previous | to last
7 26-Nov-2021 10:22 11 KB jmyers to previous | to last
6 26-Nov-2021 10:22 11 KB jmyers to previous | to last
5 26-Nov-2021 10:22 11 KB jmyers to previous | to last
4 26-Nov-2021 10:22 11 KB jmyers to previous | to last
3 26-Nov-2021 10:22 11 KB jmyers to previous | to last
2 26-Nov-2021 10:22 11 KB jmyers to previous | to last
1 26-Nov-2021 10:22 11 KB jmyers to last

Page References

Incoming links Outgoing links
Symmetry Set Up - OR
Symmetry Set Up - OR

Version management

Difference between version and

At line 153 changed 2 lines
[Symmetry Set Up - OR_01.jpg]
[Symmetry Set Up - OR_01.jpg]\\
[IPRLU Miscellaneous Tab|IPRLU#MiscellaneousTab]\\
FILINGSTATUS = S\\
TOTALALLOWANCES = 0\\
TRANSIT_SANDY_TAX = YES
At line 159 added 24 lines
|PC 8046 Res SIT Earn|= 2291.31
|PC 8056 Res SSP Earn|= 89.36
|PC 6042 Res SIT|= 170.44 (IPUTP STATE_ROUNDING = NO)
|PC 6052 Res Supp Tax|= 89.36 x 0.09 = 8.04
|PC 6703 SUI ER Contr|= 2510.71 x IPUTR 41-000-0000-ER_SUTA-000 Override Tax Rate 0.054
| |= 135.58
| |
|PC 8110 RCNTY Earn|= 2291.31
|PC 8111 RCNTY SupEarn|= 89.36
|PC 6831 Res CNTY Tax|= 0 (County Tax discontinued)
|PC 6850 Res CNTY Sup Tax|= 0 (County Tax discontinued)
| |
|PC 5331 Workers Comp EE|= (PC Usage 6058 Pre-FWT Hours) 80 hours x 0.014 = 1.12
|PC 5332 Workers Comp ER|= (PC Usage 6058 Pre-FWT Hours) 80 hours x 0.014 = 1.12
| |
|PC 5383 OR-Sandy Transit Tax|= Reg 2291.31 x IPUTR 41-000-0000-ER_TRANS-004 Tax Rate 0.006
| |= 13.75
| |= Sup 89.36 x IPUTR 41-000-0000-ER_TRANS-004 Tax Rate 0.006 = 0.54
| |= 13.75 + 0.54 = 14.29
\\ \\
----
!OR – UPCALC – Vertex Result
[Symmetry Set Up - OR_02.jpg]\\
For Vertex Calculation, the [IPRLU State|IPRLU#StateTab] tab Vtx. Alt Tax Method = ‘01’ must be set up in order to re-calculate State Tax using the Federal Tax based on State parameters. Also the [IPRLU State|IPRLU#StateTab] tab Vtx # of Exemption 1 should = 1 in order to for Vertex to apply the ‘Standard Deduction in the tax formula’ to match the Symmetry Oregon State tax result as above.
At line 157 changed 26 lines
IPRLU
FILINGSTATUS = S
TOTALALLOWANCES = 0
TRANSIT_SANDY_TAX = YES
PC 8046 Res SIT Earn = 2291.31
PC 8056 Res SSP Earn = 89.36
PC 6042 Res SIT = 170.44 (IPUTP STATE_ROUNDING = NO)
PC 6052 Res Supp Tax = 89.36 x 0.09 = 8.04
PC 6703 SUI ER Contr = 2510.71 x IPUTR 41-000-0000-ER_SUTA-000 Override Tax Rate 0.054
= 135.58
PC 8110 RCNTY Earn = 2291.31
PC 8111 RCNTY SupEarn = 89.36
PC 6831 Res CNTY Tax = 0 (County Tax discontinued)
PC 6850 Res CNTY Sup Tax = 0 (County Tax discontinued)
PC 5331 Workers Comp EE = (PC Usage 6058 Pre-FWT Hours) 80 hours x 0.014 = 1.12
PC 5332 Workers Comp ER = (PC Usage 6058 Pre-FWT Hours) 80 hours x 0.014 = 1.12
PC 5383 OR-Sandy Transit Tax = Reg 2291.31 x IPUTR 41-000-0000-ER_TRANS-004 Tax Rate 0.006
= 13.75
= Sup 89.36 x IPUTR 41-000-0000-ER_TRANS-004 Tax Rate 0.006 = 0.54
= 13.75 + 0.54 = 14.29
|PC 8045 Work SIT Earn|= 2291.31
|PC 8055 Work SSP Earn|= 89.36
| |
|PC 6040 Work SIT|= 170.44 (Rounding = NO)
|PC 6042 Work SIT Sup|= 89.36 x 0.09 = 8.04
| |
|PC 6703 SUI ER Contr|= 2510.71 x SUI ER Tax Rate 0.054
| |= 135.58
| |
|PC 8100 WCNTY Earn|= 2291.31
|PC 8101 WCNTY SupEarn|= 89.36
|PC 6811 WCNTY Sup Tax|= 0 (County Tax discontinued)
\\ \\
----
!OR – Manual Calculation
Oregon Manual Tax Calculation from:\\
[http://www.oregon.gov/DOR/BUS/payroll_updates.shtml]\\
[http://www.oregon.gov/DOR/forms/business/withholding_formulas_150-206-436_2011.pdf]\\ \\
[Symmetry Set Up - OR_03.jpg]\\
At line 204 added 5 lines
__Using the formula from Annual wages of $50,000 or higher__
|Annual Wages 2291.31 x 26 |= 59574.06
|Federal Tax: 403.06 x 26 |= 10479.56
|Since Wages <= $125.000, use PHASE OUT|= 5950.00
|BASE Wages 59574.06 – 5950.00|= 53624.06
At line 185 changed one line
40.8 OR – UPCALC – Vertex Result
__Symmetry Calculation:__
|BASE Wages|= 53624.06
|Standard deduction $1980 for Single|= 1980\\ \\(Note:Vtx Exemption 1 = 1 must be set up for Vertex, otherwise the standard deduction will not be applied)
|53624.06 – 1980|= 51644.06
At line 187 changed one line
__Annual Tax Calculation:__
|WH|= 481 + [(BASE – 7750) x 0.09] – (179 x allowance)
|WH|= 481 + [(51644.06– 7750) x 0.09] – (179 x 0)
|WH|= 481 + 3950.47 – 0
|WH|= 4431.47
At line 221 added 2 lines
__State Tax for the period__
|WH|= 4431.47 / 26 = 170.44
At line 190 removed 52 lines
For Vertex Calculation, user must set up IPRLU State Tab Vtx. Alt Tax Method = ‘01’ in order to re-calculate State Tax using the Federal Tax based on State parameters. Also the State Tab Vtx # of Exemption 1 should = 1 in order to for Vertex to apply the ‘Standard Deduction in the tax formula’ to match the Symmetry Oregon State tax result as above.
PC 8045 Work SIT Earn = 2291.31
PC 8055 Work SSP Earn = 89.36
PC 6040 Work SIT = 170.44 (Rounding = NO)
PC 6042 Work SIT Sup = 89.36 x 0.09 = 8.04
PC 6703 SUI ER Contr = 2510.71 x SUI ER Tax Rate 0.054
= 135.58
PC 8100 WCNTY Earn = 2291.31
PC 8101 WCNTY SupEarn = 89.36
PC 6811 WCNTY Sup Tax = 0 (County Tax discontinued)
40.9 OR – Manual Calculation
Oregon Manual Tax Calculation from:
http://www.oregon.gov/DOR/BUS/payroll_updates.shtml
http://www.oregon.gov/DOR/forms/business/withholding_formulas_150-206-436_2011.pdf
Using the formula from Annual wages of $50,000 or higher
Annual Wages 2291.31 x 26 = 59574.06
Federal Tax: 403.06 x 26 = 10479.56
Since Wages <= $125.000, use PHASE OUT = 5950.00
BASE Wages 59574.06 – 5950.00 = 53624.06
Symmetry Calculation:
BASE Wages = 53624.06
Standard deduction $1980 for Single = 1980 (note: Vertex user must set up Vtx Exemption 1 = 1,
Otherwise the Standard deduction will not be applied)
53624.06 – 1980 = 51644.06
Annual Tax Calculation:
WH = 481 + [(BASE – 7750) x 0.09] – (179 x allowance)
WH = 481 + [(51644.06– 7750) x 0.09] – (179 x 0)
WH = 481 + 3950.47 – 0
WH = 4431.47
State Tax for the period
WH = 4431.47 / 26 = 170.44
This page (revision-10) was last changed on 26-Nov-2021 10:22 by jmyersTop