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

Incoming links Outgoing links
Taxation - US Federal
Taxation - US Federal

Version management

Difference between version and

At line 46 changed one line
- user may suppress some SUTA Surcharge Calculation for some States by checking the ‘Do not Calculate’ toggle
- user may suppress some SUTA Surcharge Calculation for some States by checking the ‘Do not Calculate’ toggle
At line 50 changed one line
IDGV - this screen may optionally contain specific override Rates and Wage Bases by Government Registration for each Registration from Pay Header’s Group
IDGV - this screen may optionally contain specific override Rates and Wage Bases by Government Registration for each Registration from Pay Header’s Group
At line 56 changed one line
- on IPPH / IEPI, IEAS, IDLN screens etc that requires a Tax Jurisdiction, the user can pop into the ‘Tax Jurisdiction Editor Utility’ Dialog Box to enter the Jurisdiction on IDTX screen
- on IPPH / IEPI, IEAS, IDLN screens etc that requires a Tax Jurisdiction, the user can pop into the ‘Tax Jurisdiction Editor Utility’ Dialog Box to enter the Jurisdiction on IDTX screen
At line 73 changed one line
2.2 IPUTP – Federal Tax Parameters
2.2 IPUTP – Federal Tax Parameters
At line 82 changed one line
 IRS_MAX_EXEMPTIONS
 IRS_MAX_EXEMPTIONS
At line 89 changed 2 lines
- allows an employer to indicate on the employee’s IPRLU / IPRLUS screen the maximum number of exemptions allowed for this employee as indicated by the IRS in a ‘lock-in-letter’
- UPCALC will cap the employee’s Federal ‘# of exemptions’ with the value from IPRLU / IPRLUS ‘IRS_MAX_EXEMPTIONS’ parameter
- allows an employer to indicate on the employee’s IPRLU / IPRLUS screen the maximum number of exemptions allowed for this employee as indicated by the IRS in a ‘lock-in-letter’
- UPCALC will cap the employee’s Federal ‘# of exemptions’ with the value from IPRLU / IPRLUS ‘IRS_MAX_EXEMPTIONS’ parameter
At line 99 changed one line
- 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
- 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
At line 103 changed one line
2.3 IPUTR – Federal Tax Rates
2.3 IPUTR – Federal Tax Rates
At line 110 changed one line
- on IPUTR screen, user can select the State = ‘Federal’ to view the Federal Tax Rates.
- on IPUTR screen, user can select the State = ‘Federal’ to view the Federal Tax Rates.
At line 116 changed one line
- 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
- 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
At line 125 changed one line
2.4 IPRLU – US Tax Filing Information
2.4 IPRLU – US Tax Filing Information
At line 139 changed one line
- for Federal Tax Calculation, the ‘# of Exemptions’ must be entered on the FEDERAL Tab, if the employee has an IRS letter to indicate the maximum number of exemptions allowed for this employee, then enter on IPRLU MISCELLANEOUS Tab or IPRLUS STATE Tab with Misc. Identifier ‘IRS_MAX_EXEMPTIONS’
- for Federal Tax Calculation, the ‘# of Exemptions’ must be entered on the FEDERAL Tab, if the employee has an IRS letter to indicate the maximum number of exemptions allowed for this employee, then enter on IPRLU MISCELLANEOUS Tab or IPRLUS STATE Tab with Misc. Identifier ‘IRS_MAX_EXEMPTIONS’
At line 148 changed one line
3.1 PC Usage – Federal Tax
3.1 PC Usage – Federal Tax
At line 174 changed one line
3.2 PC Usage – Federal Insurance Contribution Act (FICA) Tax
3.2 PC Usage – Federal Insurance Contribution Act (FICA) Tax
At line 176 changed one line
Federal Insurance Contributions Act Tax (FICA) is imposed by the Federal government on both employees and employers. The FICA tax is calculated using Pay Component Usages 6201 – 6261.
Federal Insurance Contributions Act Tax (FICA) is imposed by the Federal government on both employees and employers. The FICA tax is calculated using Pay Component Usages 6201 – 6261.
At line 189 changed one line
3.3 PC Usage – Medicare Tax
3.3 PC Usage – Medicare Tax
At line 191 changed one line
Medicare Tax is an employer and employee paid tax. The Medicare tax is calculated using Pay Component Usages 6501 – 6552.
Medicare Tax is an employer and employee paid tax. The Medicare tax is calculated using Pay Component Usages 6501 – 6552.
At line 202 changed one line
3.4 PC Usage – Federal Unemployment Tax Act (FUTA)
3.4 PC Usage – Federal Unemployment Tax Act (FUTA)
At line 204 changed one line
Federal Unemployment Tax Act (FUTA) is an employer paid tax. The FUTA tax is calculated using Pay Component Usages 6401 – 6451.
Federal Unemployment Tax Act (FUTA) is an employer paid tax. The FUTA tax is calculated using Pay Component Usages 6401 – 6451.
At line 217 changed 2 lines
- then enter on IDGV by ‘Reg Type’, this overrides the IPUTR Rate
- UPCALC retrieves IDGV by Government Registration from Employee’s Pay Header Group
- then enter on IDGV by ‘Reg Type’, this overrides the IPUTR Rate
- UPCALC retrieves IDGV by Government Registration from Employee’s Pay Header Group
At line 220 changed one line
If you do business in a state that has been given a FUTA Tax Credit reduction, the new FUTA tax rate for that particular state may be entered in IDGV for the state. In IDGV add a new entry for the specific state, select Registration Type ‘US SUI Regist 1’, the Govt Rate Type should be ‘US FUTA Rate’. This state specific FUTA rate will be picked up by the UPCALC program when an employee is being paid in that state.
If you do business in a state that has been given a FUTA Tax Credit reduction, the new FUTA tax rate for that particular state may be entered in IDGV for the state. In IDGV add a new entry for the specific state, select Registration Type ‘US SUI Regist 1’, the Govt Rate Type should be ‘US FUTA Rate’. This state specific FUTA rate will be picked up by the UPCALC program when an employee is being paid in that state.
At line 224 changed one line
3.5 PC Usage – Railroad Taxation
3.5 PC Usage – Railroad Taxation
At line 226 changed one line
PC Usages 6301 – 6356
PC Usages 6301 – 6356
At line 249 changed 2 lines
PC 8005 FIT Earn = 1923.08 – 295.08 = 1628.00
PC 8015 FSP Earn = 100.00 – 15.34 = 84.66
PC 8005 FIT Earn = 1923.08 – 295.08 = 1628.00
PC 8015 FSP Earn = 100.00 – 15.34 = 84.66
At line 272 changed 2 lines
PC 8005 FIT Earn = FIT_Wages – 125 - 401K = 6676.24 – 200.33 – 239.57 = 6236.34
PC 8039 FICA ER Earn = FICA_Wages – 125 = 6596.13 – 200.33 = 6395.80
PC 8005 FIT Earn = FIT_Wages – 125 - 401K = 6676.24 – 200.33 – 239.57 = 6236.34
PC 8039 FICA ER Earn = FICA_Wages – 125 = 6596.13 – 200.33 = 6395.80
At line 276 changed one line
(1) FICA ER – No Self Adjust Method
(1) FICA ER – No Self Adjust Method
At line 283 changed one line
This employee uses ‘Self-Adjust method’, please see next page.
This employee uses ‘Self-Adjust method’, please see next page.
At line 287 changed one line
(2) FICA ER – Self Adjust Method
(2) FICA ER – Self Adjust Method
At line 297 changed one line
If FICA Earnings (FICA_Wages.ctd) is different than FIT Earnings (FIT_Wages.ctd), then calculate the difference between the Wages for FICA and FIT (i.e. Usage 6261 – Usage 6051), called this Additional FICA Wages
If FICA Earnings (FICA_Wages.ctd) is different than FIT Earnings (FIT_Wages.ctd), then calculate the difference between the Wages for FICA and FIT (i.e. Usage 6261 – Usage 6051), called this Additional FICA Wages
At line 300 changed one line
CTD Addn FICA Wages: 6596.13 – 6676.24 = -80.11 (negative means FICA Earn < Pre-FWT Earn)
CTD Addn FICA Wages: 6596.13 – 6676.24 = -80.11 (negative means FICA Earn < Pre-FWT Earn)
At line 304 changed one line
YTD Addn FICA Wages: 51057.92 – 51747.29 = -689.37 (negative means FICA Earn < Pre-FWT Earn)
YTD Addn FICA Wages: 51057.92 – 51747.29 = -689.37 (negative means FICA Earn < Pre-FWT Earn)
At line 332 changed 2 lines
FICA Taxable Earnings = FICA_Wages_Total – FICA_125_Total
FICA Taxable Earnings = 63354.05 – 1850.74 = 61503.31
FICA Taxable Earnings = FICA_Wages_Total – FICA_125_Total
FICA Taxable Earnings = 63354.05 – 1850.74 = 61503.31
At line 341 changed 2 lines
FICA ER this pay = FICA ER Contribution – FICA ER YTD so far
FICA ER this pay = 3813.21 – 3459.44 = 353.77 (RPREGC slight rounding 353.80)
FICA ER this pay = FICA ER Contribution – FICA ER YTD so far
FICA ER this pay = 3813.21 – 3459.44 = 353.77 (RPREGC slight rounding 353.80)
At line 353 changed 2 lines
MEDI ER this pay = MEDI ER Contribution – MEDI ER YTD so far
MEDI ER this pay = 891.80 – 809.06 = 82.74 (RPREGC slight rounding 82.75)
MEDI ER this pay = MEDI ER Contribution – MEDI ER YTD so far
MEDI ER this pay = 891.80 – 809.06 = 82.74 (RPREGC slight rounding 82.75)
At line 360 changed one line
5.1 Railroad – Tier1 Tax Example
5.1 Railroad – Tier1 Tax Example
At line 369 changed 2 lines
PC 8005 FIT Earn = FIT Wages – 125 - 401K = 6153.82 –194.22 – 225.31 = 5734.29
PC 8201 RR Tier1 Soc ER Earn = RRTA Wages – 125 = 6079.97 –194.22 = 5885.75
PC 8005 FIT Earn = FIT Wages – 125 - 401K = 6153.82 –194.22 – 225.31 = 5734.29
PC 8201 RR Tier1 Soc ER Earn = RRTA Wages – 125 = 6079.97 –194.22 = 5885.75
At line 372 changed one line
(1) RRTA – No Self Adjust Method
(1) RRTA – No Self Adjust Method
At line 379 changed one line
- For Railroad Taxation, if an employee has FICA contribution during the year, this means the employee works between the Railroad and Non-Railroad Assignments. In this case, please check if the ‘RR Self-Adjust’ Method should be used for this Employee or not.
- For Railroad Taxation, if an employee has FICA contribution during the year, this means the employee works between the Railroad and Non-Railroad Assignments. In this case, please check if the ‘RR Self-Adjust’ Method should be used for this Employee or not.
At line 381 changed one line
- The reason is, if ‘RR Self-Adjust’ method is defined on IPRLU, this method is applicable for both RR Tier1 and Tier2 calculation, but since Regular FICA does not have a Tier2 calculation, the ‘RR Self-Adjust’ method will automatically re-adjust all Earnings that include YTD FICA Earnings that are not subject to Tier2 calculation, this would cause the entire YTD Earnings to subject to Tier2 tax
- The reason is, if ‘RR Self-Adjust’ method is defined on IPRLU, this method is applicable for both RR Tier1 and Tier2 calculation, but since Regular FICA does not have a Tier2 calculation, the ‘RR Self-Adjust’ method will automatically re-adjust all Earnings that include YTD FICA Earnings that are not subject to Tier2 calculation, this would cause the entire YTD Earnings to subject to Tier2 tax
At line 383 changed one line
- since employee should only pay Tier2 tax for the Earnings that are earned for Railroad employment, if employee has FICA contribution, the user should verify if this employee should use the ‘Self-Adjust’ method to re-calculate all Tier2 tax or just to use ‘RR No Self-Adjust’ method.
- since employee should only pay Tier2 tax for the Earnings that are earned for Railroad employment, if employee has FICA contribution, the user should verify if this employee should use the ‘Self-Adjust’ method to re-calculate all Tier2 tax or just to use ‘RR No Self-Adjust’ method.
At line 385 changed one line
- Next page example shows the ‘RR Self-Adjust method’ and should be used when Employee does not have FICA employment
- Next page example shows the ‘RR Self-Adjust method’ and should be used when Employee does not have FICA employment
At line 389 changed one line
(2) RRTA – Self Adjust Method
(2) RRTA – Self Adjust Method
At line 398 changed one line
If RRTA Earnings (RRTA_Wages.ctd) is different than FIT Earnings (FIT_Wages.ctd), then calculate the difference between the Wages for RRTA and FIT (i.e. Usage 6306 – Usage 6051), called this Additional RRTA Wages
If RRTA Earnings (RRTA_Wages.ctd) is different than FIT Earnings (FIT_Wages.ctd), then calculate the difference between the Wages for RRTA and FIT (i.e. Usage 6306 – Usage 6051), called this Additional RRTA Wages
At line 401 changed one line
CTD Addn FICA Wages: 6079.97 – 6153.82 = -73.85 (negative means RRTA Earn < Pre-FWT Earn)
CTD Addn FICA Wages: 6079.97 – 6153.82 = -73.85 (negative means RRTA Earn < Pre-FWT Earn)
At line 405 changed one line
YTD Addn FICA Wages: 57654.05 – 58423.53 = -769.48 (negative means RRTA Earn < Pre-FWT Earn)
YTD Addn FICA Wages: 57654.05 – 58423.53 = -769.48 (negative means RRTA Earn < Pre-FWT Earn)
At line 433 changed 2 lines
RRTA Taxable Earnings = RRTA_Wages_Total – RRTA_125_Total
RRTA Taxable Earnings = 69434.02 – 2044.46 = 67389.56
RRTA Taxable Earnings = RRTA_Wages_Total – RRTA_125_Total
RRTA Taxable Earnings = 69434.02 – 2044.46 = 67389.56
At line 441 changed 2 lines
RRTA Tier1 ER this pay = RRTA ER Contribution – RRTA ER YTD so far
RRTA Tier1 ER this pay = 4178.15 – 3813.24 = 364.81
RRTA Tier1 ER this pay = RRTA ER Contribution – RRTA ER YTD so far
RRTA Tier1 ER this pay = 4178.15 – 3813.24 = 364.81
This page (revision-35) was last changed on 26-Nov-2021 10:22 by mmcfarlandTop