U.S. FEDERAL TAXATION ELEMENTS
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Element UsagePC 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