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
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25 26-Nov-2021 10:22 18 KB jmyers to previous | to last
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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

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1 Overview
Intent
!!!US FEDERAL TAX CALCULATION
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Overview
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!!Federal Tax Calculation
!General Set Up
;[UDGNIS]:This is the process to load all US Tax Jurisdictions into IDCO, IDSP, IDCN, IDCI, IDMN, IDSD, IDZR, IDTX
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Audience
;[UPUTR]:This is the process to load all US Tax Rates and States Miscellaneous Parameters, after UPUTR is run, user can go into IPUTR and IPUTP screen to view the applicable Tax Rates and Miscellaneous Parameters by State
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All users who are responsible to do the Payroll Tax Calculation in the Pay cycle process.
Prerequisites
All users must have a thorough understanding of the Payroll Pay Cycle UPCALC process.
2 Federal Tax Calculation
2.1 General Set Up
UDGNIS - this is the process to load all US Tax Jurisdictions into IDCO, IDSP, IDCN, IDCI, IDMN, IDSD, IDZR, IDTX
UPUTR - this is the process to load all US Tax Rates and States Miscellaneous Parameters, after UPUTR is run, user can go into IPUTR and IPUTP screen to view the applicable Tax Rates and Miscellaneous Parameters by State
IPUTR - user may view US Tax Rates by States and enter the Overridden Rates and Wage Base
;[IPUTR]:user may view US Tax Rates by States and enter the Overridden Rates and Wage Base
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IPUTP - user may view US Tax Miscellaneous Parameters by States that are applicable for IPRLU screen
;[IPUTP]:user may view US Tax Miscellaneous Parameters by States that are applicable for IPRLU screen
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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
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IPPC - Pay Components must be set up with applicable IPCU PC Usages for US Taxation
;[IPPC]:Pay Components must be set up with applicable IPCU PC Usages for US Taxation
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IDTX - allows user to enter applicable Tax Jurisdictions that are paid by employees
;[IDTX]:allows user to enter applicable Tax Jurisdictions that are paid by employees
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IPRLU / IPRULS - each employee must be set up with the applicable Tax Methods
;[IPRLU]/[IPRULS]: - each employee must be set up with the applicable Tax Methods
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UPRLU - this process audits the US Tax Filing Information and generates IPRLU Miscellaneous Tax Parameters information according to IMCT set up
;[UPRLU]:This process audits the US Tax Filing Information and generates IPRLU Miscellaneous Tax Parameters information according to IMCT set up
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IPPH - PAY HEADER Tab must specify the default Work Jurisdiction and Home Jurisdiction
;[IPPH]:PAY HEADER Tab must specify the default Work Jurisdiction and Home Jurisdiction
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!IPUTP – Federal Tax Parameters
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2.2 IPUTP – Federal Tax Parameters
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2.3 IPUTR – Federal Tax Rates
!IPUTR – Federal Tax Rates
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!IPRLU – US Tax Filing Information
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2.4 IPRLU – US Tax Filing Information
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!!Federal PC Usages
!PC Usage – Federal Tax
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3 Federal PC Usages
3.1 PC Usage – Federal Tax
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3.2 PC Usage – Federal Insurance Contribution Act (FICA) Tax
!PC Usage – Federal Insurance Contribution Act (FICA) Tax
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!PC Usage – Medicare Tax
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Medicare Tax is an employer and employee paid tax. The Medicare tax is calculated using Pay Component Usages 6501 – 6552.
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3.3 PC Usage – Medicare Tax
Medicare Tax is an employer and employee paid tax. The Medicare tax is calculated using Pay Component Usages 6501 – 6552.
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3.4 PC Usage – Federal Unemployment Tax Act (FUTA)
!PC Usage – Federal Unemployment Tax Act (FUTA)
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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.
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!PC Usage – Railroad Taxation
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3.5 PC Usage – Railroad Taxation
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4 Federal Tax Calculation
!!Federal Tax Calculation
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4.1 UPCALC Example - Federal Withholdings
!UPCALC Example - Federal Withholdings
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5 FICA / MEDICARE
!!FICA / MEDICARE
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4.1 FICA Wage < FIT Wage Example
!FICA Wage < FIT Wage Example
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!FICA ER – Self Adjust Method
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(2) FICA ER – Self Adjust Method
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!!Railroad Tax Calculation
!Railroad – Tier1 Tax Example
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6 Railroad Tax Calculation
5.1 Railroad – Tier1 Tax Example
This page (revision-35) was last changed on 26-Nov-2021 10:22 by mmcfarlandTop