This page (revision-42) 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
42 26-Nov-2021 10:22 17 KB mmcfarland to previous
41 26-Nov-2021 10:22 17 KB mmcfarland to previous | to last

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US Federal Tax Calculation
US Federal Tax Calculation

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At line 20 changed 13 lines
 401K_CATCHUP
 IRS_MAX_EXEMPTIONS
These parameters will not automatically be added to IPRLU / IPRLUS by UPRLU process for all employees. Users are required to manually add to IPRLU / IPRLUS for employees who are eligible for each parameter.
401K_CATCHUP
- Optional, character, 401K Limit Catch Up Option
- indicates to Symmetry if the employee is enrolled in a 401k Catch up plan
- 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
*401K_CATCHUP
At line 34 removed one line
These parameters will not automatically be added to IPRLU / IPRLUS by UPRLU process for all employees. Users are required to manually add to IPRLU / IPRLUS for employees who are eligible for each parameter.
At line 23 added 7 lines
These parameters will not automatically be added to [IPRLU]/[IPRLUS] by [[UPRLU] process for all employees. Users are required to manually add to IPRLU / IPRLUS for employees who are eligible for each parameter.
;401K_CATCHUP:
*Optional, character, 401K Limit Catch Up Option
*indicates to Symmetry if the employee is enrolled in a 401k Catch up plan
*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
This page (revision-42) was last changed on 26-Nov-2021 10:22 by mmcfarlandTop