This page (revision-35) was last changed on 26-Nov-2021 10:22 by mmcfarland

This page was created on 26-Nov-2021 10:22 by jmyers

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Version Date Modified Size Author Changes ... Change note
35 26-Nov-2021 10:22 17 KB mmcfarland to previous
34 26-Nov-2021 10:22 17 KB mmcfarland to previous | to last
33 26-Nov-2021 10:22 17 KB mmcfarland to previous | to last
32 26-Nov-2021 10:22 17 KB rforbes to previous | to last PR_US_Federal_Tax_Calc ==> Taxation - US Federal
31 26-Nov-2021 10:22 17 KB jmyers to previous | to last
30 26-Nov-2021 10:22 17 KB jmyers to previous | to last
29 26-Nov-2021 10:22 17 KB jmyers to previous | to last
28 26-Nov-2021 10:22 17 KB jmyers to previous | to last
27 26-Nov-2021 10:22 17 KB jmyers to previous | to last
26 26-Nov-2021 10:22 17 KB jmyers to previous | to last
25 26-Nov-2021 10:22 18 KB jmyers to previous | to last
24 26-Nov-2021 10:22 18 KB jmyers to previous | to last
23 26-Nov-2021 10:22 18 KB jmyers to previous | to last
22 26-Nov-2021 10:22 18 KB jmyers to previous | to last
21 26-Nov-2021 10:22 18 KB jmyers to previous | to last

Page References

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Taxation - US Federal
Taxation - US Federal

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At line 38 changed 3 lines
*The annual regular 401k contribution limit is defined by the IRS, e.g. $16,500. if the user is enrolled in 401k plan with annual contribution limit greater than this regular limit, this parameter allows the 401k maximum contribution to exceed the IRS limit for Benefit Pre-tax calculation
- 'DEFAULT'-Catch Up is not allowed, 'YES'-Catch Up is allowed, 'NO'-Catch Up is not allowed.
- If 401K Catch up option is applicable to all employees, user can enter ‘YES’ in IPUTP Default Value, otherwise each employee can specify the value for this option on IPRLU /IPRLUS screen
*The annual regular 401k contribution limit is defined by the IRS, e.g. $16,500. If a user is enrolled in the 401k plan with an annual contribution limit greater than this regular limit, this parameter allows the 401k maximum contribution to exceed the IRS limit for Benefit Pre-tax calculation
*'DEFAULT' and 'NO' Catch Ups are not allowed, 'YES'-Catch Up is allowed.
*If the 401K Catch Up option is applicable to all employees, '€˜YES'€ can be entered™ in [IPUTP] Default Value, otherwise each employee can specify the value for this option on [IPRLU]/[IPRLUS].
At line 42 added 2 lines
!IPUTR -€“ Federal Tax Rates
When [UPUTR] is run, it loads in a list of Federal Tax rates for the Symmetry Federal tax calculation.
At line 43 changed one line
!IPUTR – Federal Tax Rates
*On [IPUTR],the State = '€˜Federal'€ can be selected in order™ to view the Federal Tax Rates.
*Each Tax Identifier may provide the default Tax Rates, Wage Base to be used for Federal tax calculation
At line 45 changed one line
When UPUTR is run, it loads in a list of Federal Tax Rates for Symmetry Federal Tax Calculation.
%%warning IMPORTANT: For the ER_FUTA identifier, a user MUST enter their own Employer FUTA rate which is provided by the government on the '˜Override Tax Rate'€™ field. Symmetry requires this FUTA Rate to be passed into the Symmetry Tax Engine, otherwise ER FUTA will not be calculated.%%
At line 47 changed one line
!IPRLU -€“ US Tax Filing Information
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- on IPUTR screen, user can select the State = ‘Federal’ to view the Federal Tax Rates.
- each Tax Identifier may provide the default Tax Rates, Wage Base to be used for Federal Tax calculation
IMPORTANT:
- for ER_FUTA Identifier, user MUST enter their own Employer FUTA rate that is provided by the government on the ‘Override Tax Rate’ field, Symmetry requires this FUTA Rate to be passed into the Symmetry Tax Engine, otherwise ER FUTA will not be calculated
!IPRLU – US Tax Filing Information
This page (revision-35) was last changed on 26-Nov-2021 10:22 by mmcfarlandTop