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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On [IMST Preferences|IMST#PreferencesTab] tab, a site preference for ‘GOVT REGIST RULE’ may be added.
On [IMST Preferences|IMST#PreferencesTab] tab, a site preference for ‘GOVT REGIST RULE’ may be added.
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[{InsertPage page='GOVT REGIST RULE' section=1}]
The following values are used for ‘GOVT REGIST RULE’, if this is not set up, the default value ‘01’ is used.
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|Null, 00|Default (use Rule 01)
|01|Across Multi Group and Multi EEM\\ \\By federal registration across multiple groups and employments\\ \\This rule means regardless if the employee has worked for multiple groups or employments, as long as the Group Federal Registration numbers are the same on [IDGV], the YTD amounts are combined.
|02|Across Multi Group, Each EEM\\ \\By federal registration across multiple groups for one employment at a time\\ \\This rule means if the employee has worked for multiple groups within one employment, as long as the Group Federal Registration numbers are the same on [IDGV], the YTD amounts are combined.\\ \\If the employee has worked for a different employment, each employment will be evaluated on its own.
|03|Combine Group, Each EEM\\ \\Combine federal registration for multiple groups for one employments at a time.\\ \\This is same as Rule 02 except the groups are combined under each employment.
|04|Combine All\\ \\Always combine federal registration across multiple employments and groups.
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\\
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\\
\\ \\
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Below are results of the YTD values derived depending on the [IMST] ‘[GOVT REGIST RULE|GOVT REGIST RULE(System_Preference)]’ setting.
Below are results of the YTD values derived depending on the [IMST] ‘GOVT REGIST RULE’ setting.
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;IMST - [GOVT REGIST RULE|GOVT REGIST RULE(System_Preference)] = 01:
;IMST - GOVT REGIST RULE = 01:
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;When paying for Employment (2):
Hire Date: 01-Jan-2009
||Group||Federal Number||Pay Component||Amount
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*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 assignments that belong to multiple groups with the same Federal Registration Number.
*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.
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;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.
\\ \\
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;IMST - [GOVT REGIST RULE|GOVT REGIST RULE(System_Preference)] = 02:
;IMST - GOVT REGIST RULE = 02:
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*By Federal Registration across multiple groups for one employment at a time.
*This rule means if the employee has worked for multiple groups within one employment, as long as the group Federal Registration Numbers are the same on [IDGV], the YTD amounts are combined.
*If the employee has worked for a different employment, each employment will be evaluated on its own.
*By Federal Registration across Multiple Groups for one Employment at a time.
*This rule means if the employee has worked for multiple Groups within one Employment, as long as the Group Federal Registration numbers are the same on [IDGV], the YTD amounts are combined.
*If the employee has worked for a different Employment, each Employment will be evaluated on its own.
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;When paying for Employment (2):
Hire Date: 01-Jan-2009
||Group||Federal Number||Pay Component||Amount
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This is useful for when a new employment is treated as a company on its own and within each employment, the employee can work for different groups that can be reported by different registrations.
This is useful for when a new employment is treated as a company on its own and within each Employment, the employee can work for different Groups that can be reported by different registrations.
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A Service Bureau company may set up one Headquarter Entity on [IDEN] and use a group [IDGR] to identity many different Federal Registrations (EIN numbers). In this way, each group may actually represent one legal company registration with the government.
A Service Bureau company may set up one Headquarter Entity on [IDEN] and use a group [IDGR] to identity many different Federal Registrations (EIN numbers). In this way, each group may actually represent one legal company registration with the government,
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*If the employee is terminated and rehired under the same employment (i.e. the employee may not be officially transferred), the YTD amounts will be accumulated or re-started according to the group Fed#.
\\
*If the employee is terminated and rehired under the same employment (i.e. the employee may not be officially transferred), the YTD amounts will be accumulated or re-started according to the Group Fed#.
\\ \\
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;IMST - [GOVT REGIST RULE|GOVT REGIST RULE(System_Preference)] = 03:
;IMST - GOVT REGIST RULE = 03:
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*Combine federal registration for multiple groups for one employment at a time.
*This is same as Rule 02 except the groups are combined under each employment.
*Combine federal registration for multiple groups for one employment at a time
*This is same as Rule 02 except the groups are combined under each employment
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*This rule deals with one employment at a time.
*Does not matter how many groups are being paid, all the group's YTD values are combined together.
*This rule deals with one employment at a time
*Does not matter how many groups are being paid, all the Groups YTD values are combined together
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;When paying for Employment (2):
Hire Date: 01-Jan-2009
||Group||Federal Number||Pay Component||Amount
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\\
\\ \\
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;IMST - [GOVT REGIST RULE|GOVT REGIST RULE(System_Preference)] = 04:
;IMST - GOVT REGIST RULE = 04:
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*Always combine federal registration across multiple employments and groups
*Always combine federal registration across multiple Employments and Groups
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When paying for Employment (2)
Hire Date: 01-Jan-2009
||Group||Federal Number||Pay Component||Amount
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**In this case, if the employee is rehired into the same employment, then Rule 01, 02, 03, 04 would accumulate the YTD.
**In this case, if the employee is rehired under a new employment, then Rule 01, 04 would accumulate the YDT.
\\
**In this case, if the employee is rehired into the same Employment, then Rule 01, 02, 03, 04 would accumulate the YTD.
**In this case, if the employee is rehired under a new Employment, then Rule 01, 04 would accumulate the YDT.
\\ \\
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*For most users, the default [GOVT REGIST RULE|GOVT REGIST RULE(System_Preference)] 01 for taxation purpose should be used.
*For some common Payroll Masters, Service Bureau or Agencies, each entity on [IDEN] or each group on [IDGR] may represent a different company or a client of their own. Sometimes one employment of an employee may represent that this employee is working for a different company, therefore they must set up the [IMST] ‘[GOVT REGIST RULE|GOVT REGIST RULE(System_Preference)]’ to handle the taxation according to their needs.
*For most users, the default GOVT REGIST RULE 01 for taxation purpose should be used.
*For some common Payroll Masters, Service Bureau or Agencies, each entity on [IDEN] or each group on [IDGR] may represent a different company or a client of their own. Sometimes one employment of an employee may represent that this employee is working for a different company, therefore they must set up the [IMST] ‘GOVT REGIST RULE’ to handle the taxation according to their needs.
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**For the company portion contribution, the company may do manual YTD adjustment depending on if the company is over or under-contributed.
**For the company portion contribution, the company may do manual YTD adjustment depending on if the company is over or under-contributed
This page (revision-23) was last changed on 26-Nov-2021 10:22 by jmyersTop