This page (revision-23) 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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Version Date Modified Size Author Changes ... Change note
23 26-Nov-2021 10:22 12 KB jmyers to previous GOVT REGIST RULE ==> GOVT REGIST RULE(System_Preference)
22 26-Nov-2021 10:22 11 KB jmyers to previous | to last
21 26-Nov-2021 10:22 12 KB jmyers to previous | to last

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UPCALC COMBINE SEPARATE MULTIPLE EMPLOYMENTS
UPCALC COMBINE SEPARATE MULTIPLE EMPLOYMENTS

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At line 73 changed 4 lines
When paying for Employment (2) for Hire Date: 01-Jan-2009,
Group: Part-Time-Driver
IDGV Fed# = 999988888
PC 1000 Gross YTD amount = $5555
When paying for Employment (2)
Hire Date: 01-Jan-2009
||Group||Federal Number||Pay Component||Amount
|Part-Time-Driver|IDGV Fed# = 999988888|PC 1000|Gross YTD amount = $5555
|Part-Time-Music IDGV |Fed# = 111122222|PC 1000|Gross YTD amount = $3000 + $1000 + $4000 = $8000.
At line 78 changed 4 lines
When paying for Employment (2) for Hire Date: 01-Jan-2009,
Group: Part-Time-Music IDGV
Fed# = 111122222
PC 1000 Gross YTD amount = $3000 + $1000 + $4000 = $8000.
*In most situations, for taxation purposes, the Annual Maximum of a Wage Base and Annual Maximum Deduction should be applied to an employee under the same Federal Registration Number. This ensures that the employee will not be over deducted when the employee has worked for Multiple Employments or Multiple Assignments that belong to multiple Groups with the same Federal Registration number.
At line 83 changed one line
- in most situations, for taxation purposes, the Annual Maximum of a Wage Base and Annual Maximum Deduction should be applied to an employee under the same Federal Registration Number so that the employee will not be over deducted when the employee has worked for Multiple Employments or Multiple Assignments that belong to multiple Groups with the same Federal Registration number.
;Canada Taxation:For Canada taxation, the CPP/QPP and EI annual maximum deductions are respected which will help to avoid the employee being over-deducted and the company will not over pay their Employer portion of CPP/QPP, EI.\\ \\For Federal / Provincial / Quebec tax calculation, the employee’s YTD amounts are combined together such that the employee’s annual taxable income reflects the total income of the employee for the year for that Federal Registration number. This will avoid the employee’s tax being under deducted when the employee is filing their income tax return.
At line 85 changed 9 lines
Canada Taxation:
For Canada taxation, the CPP/QPP and EI annual maximum deductions are respected which will help to avoid the employee from being over-deducted and the company will not over pay their Employer portion of CPP/QPP, EI.
For Federal / Provincial / Quebec tax calculation, the employee’s YTD amounts are combined together such that the employee’s annual taxable income is reflecting the total income of the employee for the year for that Federal Registration number. This will avoid the employee’s tax from being under deducted when the employee is filing their income tax return.
US Taxation:
For US taxation, the FICA, MEDI, FUTA annual maximum wage base and deductions are respected, all other Annual maximum amounts are respected.
;US Taxation:For US taxation, the FICA, MEDI, FUTA annual maximum wage base and deductions are respected, all other Annual maximum amounts are respected.
This page (revision-23) was last changed on 26-Nov-2021 10:22 by jmyersTop