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

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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 38 changed 2 lines
| |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
| |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 14 lines
| |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\\*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'
| |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\\-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'
At line 57 changed 2 lines
| |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 %)
| |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 %)|fsp_wages = ctd PC Usage 6055 UFSPERN\\ - If fsp_wages <> 0 then CalcMethod_FIT.methodSupplementalWages = Calc_Method.Flat\\Otherwise = CalcMethod_None\\ \\ - 125 / 401k may be prorated by Reg and Sup wages\\- taxable fsp_wages may be less 125 / 401k Sup portion\\ \\- fsp tax = taxable fsp_wages * fsp_percent\\ \\- fsp_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 Sup Rate'__ if exists\\ \\- otherwise from IDGV Federal Level for 'Reg Type' = 'US Fed Regist n' with 'Govt Rate Type' = 'US Fed Sup Rate' if exists\\ \\- otherwise fsp_percent = default Govt Rate
| |02 - Concurrent FIT Aggregation - fsp_wages = ctd PC Usage 6055 UFSPERN
At line 60 removed 27 lines
fsp_wages = ctd PC Usage 6055 UFSPERN
If fsp_wages <> 0 then
CalcMethod_FIT.methodSupplementalWages
= Calc_Method.Flat
Otherwise = CalcMethod_None
- 125 / 401k may be prorated by Reg and Sup wages
- taxable fsp_wages may be less 125 / 401k Sup portion
- fsp tax = taxable fsp_wages * fsp_percent
- fsp_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 Sup Rate’ if exists
- otherwise from IDGV Federal Level for
‘Reg Type’ = ‘US Fed Regist n’ with
‘Govt Rate Type’ = ‘US Fed Sup Rate’ if exists
- otherwise fsp_percent = default Govt Rate
02 - Concurrent FIT Aggregation - fsp_wages = ctd PC Usage 6055 UFSPERN
This page (revision-29) was last changed on 26-Nov-2021 10:22 by mmcfarlandTop