State
To access the federal tax records, type Fed
at the State field. To access a state tax record, enter the applicable
state tax code, or click the Lookup button to list all state tax codes.
If you are adding a new code, enter a description of the tax jurisdiction.
Enter EIC in the State field to access EIC tables.
Local
Enter the local tax code, or click the Lookup
button to list all local tax codes. If you are adding a new code, select
the eFiling and Reporting tax code description.
Company's
Tax Id Number
Enter the tax ID number assigned to your company
by the applicable jurisdiction (federal, state, or local). Applicable
employee and employer payroll taxes vary from federal, state, and local
tax jurisdictions.
Note You must enter the exact tax ID
number (including dashes, if applicable) as assigned by your applicable
jurisdiction.
Accrual
Account
Enter the general ledger accrual account number
for the tax. Click the Lookup button to list all general ledger accounts.
If the account number is longer than the field,
use the left and right arrow keys to view the entire account number.
Accounts can be created in this field if the
appropriate settings are defined in the Auto Create when all Segments
are Valid field in the General Ledger Options window. For more information,
see General
Ledger Options.
Rate
Enter the rate by which taxable wages are multiplied
to calculate the tax. For federal and state records, the current Rate,
Limit, and Limit Type for correct tax calculations appear. Do not change
these values unless the tax law changes.
Warning Do
not change this value unless the tax law changes.
Limit
Enter the limit for this tax. The limit represents
the maximum taxable wages that are subject to this tax. For federal and
state records, the current rate, limit, and limit type for correct tax
calculations appear.
Warning Do
not change this value unless the tax law changes.
Limit
Type
Select the tax limit type.
-
Select
Annual if this tax limit is annual.
-
Select
Quarterly if this tax limit is quarterly.
-
Select
Weekly if this tax limit is weekly.
-
Select
Daily if this tax limit is daily.
For federal and state records, the current
rate, limit, and limit type for correct tax calculations appear.
Warning Do
not change this field unless the tax law changes.
Personal
Exemptions Allowed
Select this check box if this tax jurisdiction
allows personal exemptions. Clear this check box if this tax jurisdiction
does not allow personal exemptions.
Personal
Exempts Exceed Dependent Exempts
Select this check box if an employee can declare
more personal exemptions than dependent exemptions. Clear this check box
if an employee cannot declare more personal exemptions. This field is
available only if the Personal Exemptions Allowed check box is selected.
Exclude
this Table from Tax Update
Select this check box if you do not want the
tax code updated by the Tax Table Update process. Clear this check box
if you do want the tax code updated. This field is available only if you
did not enter a local tax code in the Local field.
Locality
Tax Type Code
Select the appropriate locality tax type code
to report for local taxable wages and local income tax withheld amounts.
Note This
field appears only if a local tax code is entered in the Local field.
Round
Withholding Tax Amount
Select this check box to round the withholding
tax amount to the nearest dollar after all tax calculation steps and overrides
have been applied. Clear this check box to compute the withholding tax
amount without rounding the amount to the nearest dollar.
Tax Table Maintenance
