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

Only authorized users are allowed to rename pages.

Only authorized users are allowed to delete pages.

Page revision history

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

Incoming links Outgoing links
US Railroad Taxation
US Railroad Taxation

Version management

Difference between version and

At line 9 changed one line
For US Railroad Employers, this is to perform the Railroad tax calculation in the Pay Cycle UPCALC process. Employees can transfer to and from Railroad and Regular Employment. The system will take into consideration the contributions of Railroad tax contributions and the Social Security Administration tax contributions.
This method allows US Railroad employers to perform the Railroad tax calculation in the Pay Cycle [UPCALC] process. Employees can transfer to and from Railroad and Regular employment. The system will take into consideration the contributions of Railroad tax contributions and the Social Security Administration tax contributions.
At line 11 removed 7 lines
Audience
All users who are responsible to do Payroll Tax Calculation in the Pay cycle process.
Prerequisites
At line 25 changed 3 lines
http://www.irs.gov/businesses/article/0,,id=203118,00.html
http://www.rrb.gov/
http://www.rrb.gov/AandT/pl/pl1103.asp
[http://www.irs.gov/businesses/article/0,,id=203118,00.html]\\
[http://www.rrb.gov/]\\
[http://www.rrb.gov/AandT/pl/pl1103.asp]
At line 22 added one line
[INSERT]
At line 30 removed 2 lines
At line 36 changed one line
- It is recommended to use ‘No Self Adjust’ Method for Railroad Tax Calculation.
It is recommended to use ‘No Self Adjust’ Method for Railroad tax calculation. The reason for this is that an employee can transfer to and from Railroad and Non-Railroad employment when calculating Railroad Tier2 tax. Since FICA calculation does not have Tier2 calculation, the Railroad Tier2 ‘Self-Adjust’ method will adjust the Tier2 tax with all earnings including the earnings for Non-Railroad earnings.
At line 38 removed one line
- Reason is: an employee can Transfer To / From Railroad and Non-Railroad Employment, when calculating Railroad Tier2 Tax for these employees, since FICA calculation does not have Tier2 calculation, the Railroad Tier2 ‘Self-Adjust’ method will adjust the Tier2 tax with all Earnings including the earnings for non-Railroad earnings.
At line 40 removed one line
This page (revision-24) was last changed on 26-Nov-2021 10:22 by jmyersTop