| Element Usage | PC Usage |
|---|---|
| FED TAX REG EARNS Regular Gross Taxable Earnings subject to Federal Withholding Tax (FWT) calculation Annualized/table Method. | 6051 Pre-FWT Earnings Reg Tax Table Method |
| FED TAX PERC EARNS Regular Gross Taxable Earnings subject to Federal tax calculation by% method. This Element is used when FEDERAL Tax Method =% on FED TAX PERC EARNS. This Element may contain Taxable Earnings minus the tax exemption because when% method is used, Vertex is not subtracting the 401K/403B, 125 plan contribution, and therefore the Element should exclude Pay Components exempt under 401K/403B and 125 regulations. | 6052 Pre-FWT Earnings Reg Tax% Method |
| FED TAX - 125 125 plan contribution to be exempted from Federal Withholding Tax (FWT), FICA and Medicare calculations. | 6053 Pre-FWT 125 Exemption -Reg Tax. |
| FED TAX - 401K 401K/403B plan contribution to be exempted from Federal Withholding Tax (FWT) calculation. | 6054 Pre-FWT 401 Exemption –Reg. Tax |
| FED SUPPL EARNS Supplemental Gross Taxable Earnings subject to Federal tax calculation. Excludes Pay Components already in FED TAX REG EARNS. | 6055 Pre-FWT Earnings Suppl Tax |
| FED SUPPL - 125 125 plan contribution to be exempted from Federal Supplemental Tax (FSP). If this Element does not exist and Federal Supplemental Tax (FSP) Gross is greater than zero, the amount specified by FED TAX - 125 will be split into an amount to be exempted from Federal Withholding Tax (FWT) and an amount to be exempted from Federal Supplemental Tax (FSP). The split will be done in the ratio of Federal Withholding Tax (FWT) Gross to Federal Supplemental Tax (FSP) Gross. | 6056 Pre-FWT 125 Exemption - Suppl. Tax |
| FED SUPPL - 401K 401K/403B plan contribution to be exempted from Federal Supplemental Tax (FSP). If this Element does not exist and Federal Supplemental Tax (FSP) Gross is greater than zero, the amount specified by FED TAX - 401K will be split into an amount to be exempted from Federal Withholding Tax (FWT) and an amount to be exempted from Federal Supplemental Tax (FSP). The split will be done in the ratio of Federal Withholding Tax (FWT) Gross to Federal Supplemental Tax (FSP) Gross. | 6057 Pre-FWT 401 Exemption –Suppl.Tax |
| EIC EARNINGS Gross Earnings subject to Earned Income Credit (EIC) calculation. | 6151 Pre-EIC Earnings |
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