[{TableOfContents }] !!!VERMOUNT STATE TAX CALCULATION [{InsertPage page='Symmetry General State Tax Calculation Set Up' section=1}] !!Vermont State Tax Calculation On [IPUTR], there is a list of applicable taxes to be calculated for State of Vermont: |50-000-0000-SIT-000|Vermont State Tax |50-000-0000-ER_SUTA-000|Vermont State Unemployment Tax |50-000-0000-ER_EHT-000|Vermont Catamount Healthcare Assessment Tax - Employer \\ ---- !VT – IPRLU Set Up The Miscellaneous Tax Parameters must be set up for the following Miscellaneous Identifiers\\ \\ If these Identifiers do not exist, [UPCALC] will generate the default entries for the identifiers ||Miscellaneous Identifiers||Description |FILINGSTATUS|Mandatory\\'S'-single, 'M'-married, 'MH'-married but w/h at higher single rate, 'CU'-civil union, or 'CUH'-civil union w/h at higher single. |TOTALALLOWANCES|Optional\\Enter the total number of allowances |NONRESPERCENTAGE|Optional\\Enter the nonresident percentage for Non-resident only \\ \\ ---- !VT – ER SUTA Rate ER SUTA may be bypassed on [IPUTR] with ‘Do not Calculate’ or [IPRLU] ‘SUI ER Method’ = ‘Do not Calculate’. There are two options to set up the ER SUTA rate by state: #IPUTR #*Enter the SUTA ER rate that is given by the government on the Override Tax Rate field. #*This rate is applicable for the entire company within the State of Vermont. #IDGV #*If there is a specific rate given by the government for a different State Registration #, then enter the rate on [IDGV] by ‘Reg Type’; this overrides the [IPUTR] rate. \\ ---- !VT – Employer Health Care Contribution Fund In order to calculate the following tax, please set up IPPC for these PC Usages: ||Usage||Description |7600|VT-Catamount Healthcare Employer Tax [IPUTR] – Vermont Catamount Healthcare Assessment Tax Employer\\ From the [Vermont’s Health Care Reform web site|http://hcr.vermont.gov/financing/employer]:\\ \\ [Symmetry Set Up - VT_01.jpg] *'Exempting four FTEs in and after 2010' means if an employer is paying ‘4 FTE employees or less’ in a quarter, this tax will not be calculated, since all users are paying more than four employees, this rule does not apply *This tax may be bypassed on [IPUTR] with ‘Do not Calculate’ or [IPRLU] ‘Head Tax Method’ = ‘Do not Calculate’. *If an employee does not qualify as one FTE for this tax, set [IPRLU] ‘ Head Tax Method’ = ‘Do not Calculate’, otherwise the default will be used, and this Healthcare Assessment Tax will be calculated \\ ---- !VT – UPCALC Example [Symmetry Set Up - VT_02.jpg]\\ \\ Work GEO: 50-027-1456238 Baltimore, Vermont\\ __Pay# 5__ |PC 8046 Res SIT Earn|= 2298.59 |PC 8056 Res SSP Earn|= 885.37 |PC 6045 Res SIT|= 106.94 |PC 6047 Res SIT Sup|= 885.37 x 7.2% = 63.75 |PC 6703 SUI ER Contr|= 3596.17 x IPUTR 50-000-0000-ER_SUTA-000 Overridden Rate 0.084 | |= 302.08 | | |PC 5500 VT-Healthcare ER Tax|= IPUTR 50-000-0000-ER_EHT-000 Rate 91.25 per quarter | |= 91.25 __Pay# 6__ |PC 5500 VT-Healthcare ER Tax|= 0 (because this Healthcare ER Tax has been taken this quarter) ---- ![Notes|Edit:Internal.Symmetry Set Up - UT] [{InsertPage page='Internal.Symmetry Set Up - UT' default='Click to create a new notes page'}]