This page (revision-16) was last changed on 26-Nov-2021 10:22 by kparrott

This page was created on 26-Nov-2021 10:22 by JEscott

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Version Date Modified Size Author Changes ... Change note
16 26-Nov-2021 10:22 12 KB kparrott to previous
15 26-Nov-2021 10:22 12 KB rforbes to previous | to last
14 26-Nov-2021 10:22 12 KB rforbes to previous | to last
13 26-Nov-2021 10:22 12 KB rforbes to previous | to last
12 26-Nov-2021 10:22 12 KB rforbes to previous | to last
11 26-Nov-2021 10:22 12 KB rforbes to previous | to last
10 26-Nov-2021 10:22 12 KB rforbes to previous | to last
9 26-Nov-2021 10:22 12 KB rforbes to previous | to last
8 26-Nov-2021 10:22 12 KB rforbes to previous | to last
7 26-Nov-2021 10:22 12 KB rforbes to previous | to last VERTEX ==> Vertex.VERTEX
6 26-Nov-2021 10:22 12 KB JEscott to previous | to last
5 26-Nov-2021 10:22 11 KB JEscott to previous | to last
4 26-Nov-2021 10:22 11 KB JEscott to previous | to last
3 26-Nov-2021 10:22 11 KB JEscott to previous | to last
2 26-Nov-2021 10:22 11 KB JEscott to previous | to last
1 26-Nov-2021 10:22 7 KB JEscott to last

Page References

Incoming links Outgoing links
U.S. TAXATION
U.S. TAXATION

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Difference between version and

At line 108 changed 2 lines
*add PTD values to CTD values, these become the new CTD values to call Vertex
*subtract PTD values from YTD values, because PTD are included in CTD, no need to be included in YTD for Vertex
*add PTD values to CTD values, these become the new CTD values to call the tax engine
*subtract PTD values from YTD values, because PTD are included in CTD, no need to be included in YTD
At line 128 changed 3 lines
;Vertex Cumulative Tax Calculation
;:Vertex supports the cumulative tax calculation at Federal level. For State and Local level, the user should use 'PTD' method.
;:Vertex Cumulative Averaging method accumulates past + current gross and then averages it according to the number of periods so far in current year. If an employee has not been paid at beginning of year or the employee is not paid consecutively, the estimated annual income based on past income will be low. For new hired in middle of year, this method will not project the income accurately.
;Cumulative Tax Calculation
;:The tax engine supports the cumulative tax calculation at Federal level. For State and Local level, the user should use 'PTD' method.
;:The tax engineCumulative Averaging method accumulates past + current gross and then averages it according to the number of periods so far in current year. If an employee has not been paid at beginning of year or the employee is not paid consecutively, the estimated annual income based on past income will be low. For new hired in middle of year, this method will not project the income accurately.
This page (revision-16) was last changed on 26-Nov-2021 10:22 by kparrottTop