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

Page References

Incoming links Outgoing links
US Federal Tax Calculation
US Federal Tax Calculation

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Difference between version and

At line 44 changed one line
*Any number provided will override the Federal Exemptions defined in the Federal Tax.
*Any number provided will override the Federal Exemptions defined in the Federal Tax
At line 47 changed 3 lines
When UPUTR is run, it loads in a list of Federal Tax Rates for Symmetry Federal Tax Calculation.
*on IPUTR screen, user can select the State = ‘Federal’ to view the Federal Tax Rates.
*each Tax Identifier may provide the default Tax Rates, Wage Base to be used for Federal Tax calculation
When UPUTR is run, it loads in a list of federal tax rates for Symmetry Federal Tax calculation.
*On the [IPUTR] screen, set the State field to 'Federal’ in order to view the federal tax rates.
*Each Tax Identifier may provide the default Tax Rates, Wage Base to be used for Federal Tax calculation
At line 51 changed one line
%%warning __IMPORTANT__ - 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%%
%%warning __IMPORTANT__ : For the ER_FUTA Identifier, a user MUST enter their own government provided Employer FUTA rate on the ‘Override Tax Rate’ field. Symmetry requires this FUTA rate to be passed into the Symmetry tax engine, otherwise the ER FUTA will not be calculated%%
At line 55 changed one line
Both IPRLU and IPRLUS screens can be used to Maintain US Tax Filing Information for an employee.
Both the [IPRLU] and [IPRLUS] screens can be used to maintain US tax filing information for an employee.
At line 57 changed 2 lines
;IPRLU:Contains all US Tax Filing Information for both Vertex and Symmetry Tax users
;IPRLUS:Contains US Tax Filing Information for Symmetry Tax users only
;IPRLU:Contains all US tax filing information for both Vertex and Symmetry Tax users
;IPRLUS:Contains US tax filing information for Symmetry Tax users only
At line 60 changed 2 lines
*The FEDERAL tab, STATE tab and LOCAL Tab must specify all Tax Methods and eligible information
*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’. Any number provided will override the Federal Exemptions, including a value of 0.
*The Federal, State and local tabs must specify all the tax methods and eligible information.
*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 they are allowed. The Misc. Identifier field is then set to ‘IRS_MAX_EXEMPTIONS’ on either the IPRLU Miscellaneous tab or the IPRLUS State tab. Any number provided will override the Federal Exemptions, including a value of 0.
At line 65 changed one line
On IPPC screen, please set up Pay Components for these PC Usages for Federal tax Calculation
On the IPPC screen, set up pay components for the following PC Usages used in federal tax calculation:
This page (revision-42) was last changed on 26-Nov-2021 10:22 by mmcfarlandTop