This page (revision-24) 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
24 26-Nov-2021 10:22 18 KB jmyers to previous
23 26-Nov-2021 10:22 18 KB jmyers to previous | to last
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

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US Railroad Taxation
US Railroad Taxation

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At line 175 changed one line
*Once all the groups have been defined for the Railroad employment and IEAS has been set up to pay employees with the Railroad Employment groups, a fix up script can be run to populate the IPRLU Railroad tax method with the default method of 'Self Adjust'. This script is called __fix_IPRLU_Railroad_default.sql__
*Once all the groups have been defined for the Railroad employment and IEAS has been set up to pay employees with the Railroad Employment groups, a fix up script can be run to populate the IPRLU Railroad tax method with the default method of 'Self Adjust'. This script is called __fix_IPRLU_Railroad_default.sql__\\%%information Please note that fix_IPRLU_Railroad_default.sql only populates the Railroad tax methods, the IPRLU record must first be created.%%
At line 177 changed 3 lines
- note: fix_IPRLU_Railroad_default.sql only populates the Railroad tax methods, user must first create the IPRLU record\\ \\
The following is a list of the Database columns used for Railroad Tax calculation:
The following is a list of the database columns used for Railroad Tax calculation:
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The Railroad tax methods may be overiden by Pay Categories on [IPPGU] screen.
The Railroad tax methods may be overridden by the Pay Categories on [IPPGU] screen.
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Because the Railroad Unemployment Insurance (RUIA) is calculated at a Rate up to a Monthly Maximum Earnings, the user must turn ON the MTD Toggle on IPPR screen in order to maintain the MTD values.
Because the Railroad Unemployment Insurance (RUIA) is calculated at a rate up to the Monthly Maximum Earnings, the MTD toggle on IPPR must be turned on in order to maintain the MTD values.
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*When an employee is paid with the IEAS assignment for the group that points to the Railroad W2 Employment Type, this employee's Pay Header is subject to Railroad Tax calculation.
*The Pay Header's group determines if this pay should calculate the Railroad tax.
*The IPRLU screen defines each Railroad Tax method that is eligible for this employee.
*UPCALC retrieves all Taxable Earnings according to IPCU Railroad PC Usages and passes that on to Vertex in order to calculate the Railroad taxation.
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When an employee is paid with the IEAS Assignment for the Group that points to the Railroad W2 Employment Type, this employee's Pay Header is subject to Railroad Tax calculation.
- the Pay Header's Group determines if this pay should calculate the Railroad Tax
- the IPRLU screen defines each Railroad Tax method that is eligible for this employee
- UPCALC retrieves all Taxable Earnings according to IPCU Railroad PC Usages and pass to Vertex to calculate Railroad taxation
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*There are different Annual Maximum Earnings and Rates for different Railroad tax calculation
*There are different Annual Maximum earnings and rates for different Railroad tax calculations.
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*When an employee is paid throughout the year of 2008, the employee will first reach the Tier2 maximum earnings $75,900 and thus Tier2 contribution will stop, then the employee will reach the OASDI maximum of $102,900 while the Medicare portion will continue with no Base limit
*The Railroad Unemployment Insurance (RUIA) has a Monthly Maximum Wage Base of $1280 per month, thus the MTD Earnings and contributions are passed to Vertex to determine if the RUIA Maximums are reached for each month
*When an employee is paid throughout the year of 2008, the employee will first reach the Tier2 maximum earnings $75,900 and thus the Tier2 contribution will stop, then the employee will reach the OASDI maximum of $102,900 while the Medicare portion will continue with no Base limit.
*The Railroad Unemployment Insurance (RUIA) has a Monthly Maximum Wage Base of $1280 per month, thus the MTD Earnings and contributions are passed to Vertex to determine if the RUIA Maximums are reached for each month.
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*An employee can transfer to and from a Railroad employment by just changing the [IEAS] Assignment position with an effective date change.
*When the Pay Headers are generated from this assignment, the effective Assignment group will be used and therefore the Railroad tax will be calculated accordingly.
*When calculating the Railroad Tier1 Social Security / Medicare portion and the Regular FICA/MEDI for the different assignments, the YTD amounts of these contributions are taken into consideration so that the employee will not contribute over the Annual maximums.
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*An employee can transfer to and from Railroad Employment by just changing the IEAS Assignment Position with an effective date change
*When the Pay Headers are generated from this Assignment, the effective Assignment Group will be used and therefore the Railroad tax will be calculated accordingly
*When calculating the Railroad Tier1 Social Security / Medicare portion and the Regular FICA/MEDI for the different Assignments, the YTD amounts of these contributions are taken into consideration so that the employee will not contribute over the Annual maximums
At line 239 added 3 lines
*An employee may be assigned with an additional assignment in order to perform either regular or railroad type of work throughout the year.
*When the employee is paid with either assignment, the Pay Header's group determines if the Railroad tax should be calculated.
*When calculating the Railroad Tier1 Social Security / Medicare portion and the regular FICA/MEDI for the different assignments, the YTD amounts of these contributions are taken into consideration so that the employee will not contribute over the annual maximums.
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*An employee may be assigned with an additional Assignment to perform Regular or Railroad type of work throughout the year
!IEEI - Transfer with Different Employments
*An employee can be terminated and re-hired in different employments.
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*When the employee is paid with either Assignment, the Pay Header's group determines if the Railroad tax should be calculated
*When calculating the Railroad Tier1 Social Security / Medicare portion and the Regular FICA/MEDI for the different Assignments, the YTD amounts of these contributions are taken into consideration so that the employee will not contribute over the Annual maximums
!IEEI - Transfer with different Employments
An employee can be terminated and re-hired in a different Employments.
This page (revision-24) was last changed on 26-Nov-2021 10:22 by jmyersTop