This page (revision-5) 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 - VT
Symmetry Set Up - VT

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At line 2 changed one line
!!!VERMOUNT STATE TAX CALCULATION
!!!UTAH STATE TAX CALCULATION
At line 4 changed 5 lines
!!Vermont State Tax Calculation
On [IPUTR], there is a list of applicable taxes to be calculated for State of Vermont:
|50-000-0000-SIT-000|Vermont State Tax
|50-000-0000-ER_SUTA-000|Vermont State Unemployment Tax
|50-000-0000-ER_EHT-000|Vermont Catamount Healthcare Assessment Tax - Employer
!!Utah State Tax Calculation
On [IPUTR], there is a list of applicable taxes to be calculated for State of Utah:
|49-000-0000-SIT-000|Utah State Tax
|49-000-0000-ER_SUTA-000|Utah State Unemployment Tax
At line 11 changed one line
!VT – IPRLU Set Up
!UT – IPRLU Set Up
At line 15 changed one line
|FILINGSTATUS|Mandatory\\'S'-single, 'M'-married, 'MH'-married but w/h at higher single rate, 'CU'-civil union, or 'CUH'-civil union w/h at higher single.
|FILINGSTATUS|Mandatory\\'S'-single, 'M'-married, or 'MH'-married but w/h at higher single rate
At line 17 removed one line
|NONRESPERCENTAGE|Optional\\Enter the nonresident percentage for Non-resident only
At line 20 changed one line
!VT – ER SUTA Rate
!UT – ER SUTA Rate
At line 26 changed one line
#*This rate is applicable for the entire company within the State of Vermont.
#*This rate is applicable for the entire company within the State of Utah.
At line 31 changed 12 lines
!VT – Employer Health Care Contribution Fund
In order to calculate the following tax, please set up IPPC for these PC Usages:
||Usage||Description
|7600|VT-Catamount Healthcare Employer Tax
[IPUTR] – Vermont Catamount Healthcare Assessment Tax Employer\\
From the [Vermont’s Health Care Reform web site|http://hcr.vermont.gov/financing/employer]:\\ \\
[Symmetry Set Up - VT_01.jpg]
*'Exempting four FTEs in and after 2010' means if an employer is paying ‘4 FTE employees or less’ in a quarter, this tax will not be calculated, since all users are paying more than four employees, this rule does not apply
*This tax may be bypassed on [IPUTR] with ‘Do not Calculate’ or [IPRLU] ‘Head Tax Method’ = ‘Do not Calculate’.
*If an employee does not qualify as one FTE for this tax, set [IPRLU] ‘ Head Tax Method’ = ‘Do not Calculate’, otherwise the default will be used, and this Healthcare Assessment Tax will be calculated
\\
!UT – UPCALC Example
[Symmetry Set Up - ND_01.jpg]\\ \\
Res GEO: 49-049-1438194 American Fork, Utah
Work GEO: 49-049-1438194 American Fork, Utah\\ \\
[IPRLU Miscellaneous Tab|IPRLU#MiscellaneousTab]\\
FILINGSTATUS = S\\
TOTALALLOWANCES = 0\\ \\
|PC 8046 Res SIT Earn|= 1774.61
|PC 6042 Res SIT|= 88.73
|PC 8056 Res SSP Earn|= 900.56
|PC 6052 Res Supp Tax|= 900.56 x 5% = 45.03
| |
|PC 6703 SUI ER Contr|= 2813.58 x IPUTR 49-000-0000-ER_SUTA-000 Override Tax Rate 0.094000
| |= 264.48
At line 44 removed 17 lines
!VT – UPCALC Example
[Symmetry Set Up - VT_02.jpg]\\ \\
Work GEO: 50-027-1456238 Baltimore, Vermont\\
__Pay# 5__
|PC 8046 Res SIT Earn|= 2298.59
|PC 8056 Res SSP Earn|= 885.37
|PC 6045 Res SIT|= 106.94
|PC 6047 Res SIT Sup|= 885.37 x 7.2% = 63.75
|PC 6703 SUI ER Contr|= 3596.17 x IPUTR 50-000-0000-ER_SUTA-000 Overridden Rate 0.084
| |= 302.08
| |
|PC 5500 VT-Healthcare ER Tax|= IPUTR 50-000-0000-ER_EHT-000 Rate 91.25 per quarter
| |= 91.25
__Pay# 6__
|PC 5500 VT-Healthcare ER Tax|= 0 (because this Healthcare ER Tax has been taken this quarter)
----
At line 48 added 74 lines
1 VT – Vermont
On IPUTR, there is a list of applicable Taxes to be calculated for State of Vermont:
50-000-0000-SIT-000 Vermont State Tax
50-000-0000-ER_SUTA-000 Vermont State Unemployment Tax
50-000-0000-ER_EHT-000 Vermont Catamount Healthcare Assessment Tax - Employer
48.1 VT – IPRLU Set Up
- The Miscellaneous Tax Parameters must be set up for the following Miscellaneous Identifiers
FILINGSTATUS - Mandatory
- 'S'-single, 'M'-married, 'MH'-married but w/h at higher single rate, 'CU'-civil union, or 'CUH'-civil union w/h at higher single
TOTALALLOWANCES - Optional, enter the total number of allowances.
NONRESPERCENTAGE - Optional, enter the nonresident percentage for Non-resident only
48.2 VT – ER SUTA Rate
User may bypass ER SUTA on IPUTR with ‘Do not Calculate’ or IPRLU ‘SUI ER Method’ = ‘Do not Calculate’.
There are 2 options to set up ER SUTA Rate by State:
(1) IPUTR - enter the SUTA ER Rate that is given by the Government on the Overridden Rate field
- this rate is applicable for the entire company for State of Vermont
(2) IDGV - if there is a specific rate given by the government for different State Registration #,
- then enter on IDGV by ‘Reg Type’, this overrides the IPUTR Rate
48.3 VT – Employer Health Care Contribution Fund
If user wants to calculate the following tax, please set up IPPC for these PC Usages:
Usage Description
7600 VT-Catamount Healthcare Employer Tax
IPUTR – Vermont Catamount Healthcare Assessment Tax Employer
- from web site http://hcr.vermont.gov/financing/employer Vermont’s Health Care Reform:
- exempting four FTEs in and after 2010’ means if the Employer is paying ‘4 FTE employees or less’ in a quarter, this tax will not be calculated, since all users are paying more than 4 employees, this rule does not apply
- User may bypass this tax on IPUTR with ‘Do not Calculate’ or IPRLU ‘Head Tax Method’ = ‘Do not Calculate’.
- if an employee does not qualify as one FTE for this tax, enter IPRLU ‘ Head Tax Method’ = ‘Do not Calculate’, otherwise the default will be used, this Healthcare Assessment Tax will be calculated
48.4 VT – UPCALC Example
Work GEO: 50-027-1456238 Baltimore, Vermont
Pay# 5 PC 8046 Res SIT Earn = 2298.59
PC 8056 Res SSP Earn = 885.37
PC 6045 Res SIT = 106.94
PC 6047 Res SIT Sup = 885.37 x 7.2% = 63.75
PC 6703 SUI ER Contr = 3596.17 x IPUTR 50-000-0000-ER_SUTA-000 Overridden Rate 0.084
= 302.08
PC 5500 VT-Healthcare ER Tax = IPUTR 50-000-0000-ER_EHT-000 Rate 91.25 per quarter
= 91.25
Pay# 6
PC 5500 VT-Healthcare ER Tax = 0 (because this Healthcare ER Tax has been taken this quarter)
This page (revision-5) was last changed on 26-Nov-2021 10:22 by jmyersTop