This page (revision-29) was last changed on 26-Nov-2021 10:22 by mmcfarland

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
29 26-Nov-2021 10:22 29 KB mmcfarland to previous
28 26-Nov-2021 10:22 30 KB jmyers to previous | to last US TAX RECIP ==> US TAX RECIP(System_Preference)
27 26-Nov-2021 10:22 30 KB jescott to previous | to last
26 26-Nov-2021 10:22 30 KB jescott to previous | to last
25 26-Nov-2021 10:22 30 KB jmyers to previous | to last
24 26-Nov-2021 10:22 30 KB jmyers to previous | to last
23 26-Nov-2021 10:22 30 KB jmyers to previous | to last
22 26-Nov-2021 10:22 30 KB jmyers to previous | to last
21 26-Nov-2021 10:22 30 KB jmyers to previous | to last

Page References

Incoming links Outgoing links
US Taxation Processing - IPRLU Tax Methods
US Taxation Processing - IPRLU Tax Methods

Version management

Difference between version and

At line 35 changed 5 lines
| |01 – Single |FederalFilingStatus.Single
| |02 – Married |FederalFilingStatus.Married
| |03 – Head of Household |FederalFilingStatus.Married_Use_Single_Rate
| |04 – Married-File Separate |FederalFilingStatus.Married\\*Vertex uses Married rate\\*Symmetry uses Single rate
| |05 – Non Resident Alien |FederalFilingStatus.Nonresident_Alien\\*New filing status with Symmetry, Vertex L Series does not support this
| |01 - Single |FederalFilingStatus.Single
| |02 - Married |FederalFilingStatus.Married
| |03 - Head of Household |FederalFilingStatus.Married_Use_Single_Rate
| |04 - Married-File Separate |FederalFilingStatus.Married\\*Vertex uses Married rate\\*Symmetry uses Single rate
| |05 - Non Resident Alien |FederalFilingStatus.Nonresident_Alien\\*New filing status with Symmetry, Vertex L Series does not support this
At line 42 changed 3 lines
01 - Annualized Method
(Default Method) - CalcMethod.Annualized
| |01 - Annualized Method\\(Default Method)|CalcMethod.Annualized\\*fit_wages = ctd PC Usage 6051 UFWTERN\\ \\*125 / 401k will be prorated by Reg and Sup wages\\*taxable fit_wages will be less 125 / 401k Reg portion\\*Store Regular FIT Wages and FIT Tax
| |02 - Annualized + %|same as 01 - Annualized Method to retrieve Taxable fit_wages that is less 125 / 401k exemption\\ \\*if IPCT Pay Catg = Regular Pay, then fit_addn_tax = taxable fit_wages * IPRLU ufed_add_tax_per_period (this field contains the additional % to be used to calculate addn tax)\\ \\*fit_addn_tax will be stored in PC Usage 6002 (FWT additional deduction) if a pay component is defined\\*otherwise fit_addn_tax will be stored with FIT Tax
| |03 - Annualized + Amount|*same as 01 - Annualized Method to retrieve Taxable fit_wages that is less 125 / 401k exemption\\ \\*if IPCT Pay Catg = Regular Pay, then fit_addn_tax = IPRLU ufed_add_tax_per_period
| |04 - % on element UFWTERN|*same as 01 - Annualized Method to retrieve Taxable fit_wages that is less 125 / 401k exemption\\ \\*fit_wages = ctd PC Usage 6051 UFWTERN\\*fit tax = taxable fit_wages * fit_percent\\ \\*fit_percent = IPRLU ufed_tax_percent if this exists\\ \\*otherwise from IDGV State Level for
'Reg Type' = 'US State Regist n' for the State with 'Govt Rate Type' = 'US Fed Tax Rate' if exists\\ \\*otherwise from IDGV Federal Level for 'Reg Type' = 'US Fed Regist n' with 'Govt Rate Type' = 'US Fed Tax Rate' if exists\\ \\*otherwise fit_percent = 0\\*this defaults to 01 - Annualized Method calculation
| |05 - % on element UFWTPERC|*same as '04 - % on element' except fit_wages = ctd PC Usage 6052 UFWTPERC
| |06 - Flat Amount|*same as 01 - Annualized Method to retrieve Taxable fit_wages that is less 125 / 401k exemption\\*fit_wages = ctd PC Usage 6051 UFWTERN\\*fit tax = IPRLU Federal Tab Tax Amount (ufed_tax_amount)
| |07 - Cumulative Averaging|*CalcMethod.Cumulative
At line 46 removed 46 lines
- 125 / 401k will be prorated by Reg and Sup wages
- taxable fit_wages will be less 125 / 401k Reg portion
- Store Regular FIT Wages and FIT Tax
02 - Annualized + % - same as 01 - Annualized Method to retrieve Taxable fit_wages that is less 125 / 401k exemption
- if IPCT Pay Catg = Regular Pay, then
fit_addn_tax = taxable fit_wages * IPRLU ufed_add_tax_per_period (this field contains the additional % to be used to calculate addn tax)
- fit_addn_tax will be stored in PC Usage 6002 (FWT additional deduction) if a pay component is defined
- otherwise fit_addn_tax will be stored with FIT Tax
03 - Annualized + Amount - same as 01 - Annualized Method to retrieve Taxable fit_wages that is less 125 / 401k exemption
- if IPCT Pay Catg = Regular Pay, then
fit_addn_tax = IPRLU ufed_add_tax_per_period
04 - % on element UFWTERN
- same as 01 - Annualized Method to retrieve Taxable fit_wages that is less 125 / 401k exemption
- fit_wages = ctd PC Usage 6051 UFWTERN
- fit tax = taxable fit_wages * fit_percent
- fit_percent = IPRLU ufed_tax_percent if this exists
- otherwise from IDGV State Level for
‘Reg Type’ = ‘US State Regist n’ for the State with
‘Govt Rate Type’ = ‘US Fed Tax Rate’ if exists
- otherwise from IDGV Federal Level for
‘Reg Type’ = ‘US Fed Regist n’ with
‘Govt Rate Type’ = ‘US Fed Tax Rate’ if exists
- otherwise fit_percent = 0
- this defaults to 01 – Annualized Method calculation
05 - % on element UFWTPERC - same as '04 - % on element'
except fit_wages = ctd PC Usage 6052 UFWTPERC
06 – Flat Amount - same as 01 - Annualized Method to retrieve Taxable fit_wages that is less 125 / 401k exemption
- fit_wages = ctd PC Usage 6051 UFWTERN
- fit tax = IPRLU Federal Tab Tax Amount (ufed_tax_amount)
07 - Cumulative Averaging - CalcMethod.Cumulative
- fit_wages = ctd PC Usage 6051 UFWTERN
This page (revision-29) was last changed on 26-Nov-2021 10:22 by mmcfarlandTop