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 6 changed one line
This page describes the processing of each field on the ‘Maintain US Tax Filing Information ([IPRLU]) screen that are used for US Tax Calculation using the Symmetry Tax Engine (STE) software.
This page describes the processing of each field on the Maintain US Tax Filing Information ([IPRLU]) screen that are used for US Tax Calculation using the Symmetry Tax Engine (STE) software.
At line 45 changed 2 lines
| |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
| |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
At line 49 changed 4 lines
| |07 - Cumulative Averaging|*CalcMethod.Cumulative
- fit_wages = ctd PC Usage 6051 UFWTERN
- under Development
- will be supported upon request by client
| |07 - Cumulative Averaging|*CalcMethod.Cumulative\\*fit_wages = ctd PC Usage 6051 UFWTERN\\*under Development\\*will be supported upon request by client
| |08 - By Supplemental Meth|*CalcMethod.Annualized\\*fit_wages = ctd PC Usage 6051 UFWTERN\\*fit_wages is added to fsp_wages, zero out fit_wages\\*tax result will be stored as FSP tax
| |09 - Ann/0 Tax/Upd Wage|*same as '01 - Annualized Method'\\*Store Regular Wages only, zero out tax amount\\*Additional Tax will not be taken
| |10 - PTD Method|*same as '01 - Annualized Method', use ptd (not ctd)
| |11 - PTD Method + %|*same as '02 - Annualized + %', use ptd (not ctd)
| |12 - PTD Method + Amount|*same as '03 - Annualized + Amt', use ptd (not ctd)
| |99 - Do Not Calculate|*If ufed_tax_method = '99' then STE.setFederalParameters.exemptStatus = TRUE
Else\\STE.setFederalParameters.exemptStatus = FALSE\\ \\*Symmetry encompasses all federal items as 'do not calculate' (ie: FICA and Medicare). With Vertex user had to define FICA and Medicare to not calculate. Symmetry uses the FIT wages to determine FICA and Medicare earnings, therefore if no FIT is calculated no FICA or Medicare will be calculated.
| |Other Values|*same as '01 - Annualized Method'
|Suppl Tax Method|X_UFED_SUPPL_METHOD|CalcMethod_FIT.methodSupplementalWages
| |00-Normal Method\\ \\*Symmetry usage only\\*Vertex does not support this\\ \\*if user is __not converted__ from Vertex, use this method 00 as the Default Method\\ \\*if user is converted from Vertex, user can use their existing Suppl Tax Method set up for tax comparison\\*after conversion, user may switch to use this Default Method\\ \\*for more information on Supplemental pay please see PR_US_IPRLU_Sup_Pay.doc\\ \\*(Default Method)|*fsp_wages = ctd PC Usage 6055 UFSPERN\\*If fsp_wages <> 0 then CalcMethod_FIT.methodSupplementalWages = Calc_Method.Flat\\Otherwise = CalcMethod_None\\ \\*depending on element set up 125 / 401k may be prorated by Reg and Sup wages\\*taxable fsp_wages may be less 125 / 401k Sup portion
| |01 - % Meth (IPRLU%,Default %)
At line 54 removed 4 lines
08 - By Supplemental Meth - CalcMethod.Annualized
- fit_wages = ctd PC Usage 6051 UFWTERN
- fit_wages is added to fsp_wages, zero out fit_wages
- tax result will be stored as FSP tax
At line 59 removed 47 lines
09 - Ann/0 Tax/Upd Wage - same as '01 - Annualized Method’
- Store Regular Wages only, zero out tax amount
- Additional Tax will not be taken
10 - PTD Method - same as '01 - Annualized Method', use ptd (not ctd)
11 - PTD Method + % - same as '02 - Annualized + %', use ptd (not ctd)
12 - PTD Method + Amount - same as '03 - Annualized + Amt', use ptd (not ctd)
99 - Do Not Calculate - If ufed_tax_method = '99' then
STE.setFederalParameters.exemptStatus = TRUE
Else
STE.setFederalParameters.exemptStatus = FALSE
-Symmetry encompasses all federal items as ‘do not calculate’ ie: FICA and Medicare. With Vertex user had to define FICA and Medicare to not calculate. Symmetry uses the FIT wages to determine FICA and Medicare earnings, therefore if no FIT is calculated no FICA or Medicare will be calculated.
Other Values - same as '01 - Annualized Method’
Suppl Tax Method X_UFED_SUPPL_METHOD CalcMethod_FIT.methodSupplementalWages
00 – Normal Method
- Symmetry usage only
- Vertex does not support this
- if user is not converted from Vertex, use this method 00 as the Default Method
- if user is converted from Vertex, user can use their existing Suppl Tax Method set up for tax comparison
- after conversion, user may switch to use this Default Method
- for more information on Supplemental pay please see PR_US_IPRLU_Sup_Pay.doc
(Default Method)
- fsp_wages = ctd PC Usage 6055 UFSPERN
- If fsp_wages <> 0 then
CalcMethod_FIT.methodSupplementalWages
= Calc_Method.Flat
Otherwise = CalcMethod_None
- depending on element set up 125 / 401k may be prorated by Reg and Sup wages
- taxable fsp_wages may be less 125 / 401k Sup portion
01 - % Meth (IPRLU%,Default %)
This page (revision-29) was last changed on 26-Nov-2021 10:22 by mmcfarlandTop