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Tax Entities
How to get to this screen: Click on Payroll, then Tax Entities.
The Tax Entities screen is used to enter and maintain tax entities used in payroll calculations.
The Tax Entities screen is used to enter and maintain tax entities used in payroll calculations.
- Type a Tax ID or use the look up box to search for a tax entity. Use the Tab key on your keyboard to bring up existing information.
- Under the Default Info tab, enter the Tax Entity Name and the Employer Tax ID for your employer.
- The Standard Deduction is the dollar amount to be taken from gross pay before payroll is calculated.
- Per Exemption is used when the tax entity is using tax tables. This field can be ignored if the tax entity uses a percentage.
- The After Tax Credit field is for the automatic after tax credit per exemption.
- Enter the Straight Percentage if you are using the percentage method for withholding.
- If the tax entity has a ceiling on the total dollar amount to withhold for the year, enter it in the Gross Taxable Limit field.
- Click on the This Tax Uses Tables box if this entity uses tax tables.
- Click on the Zero Tax Bracket box if there is a gross pay amount that is not taxable.
- Click on the Calculate Before Federal box if this is a requirement in your state.
- Use the scroll down menu to locate the Tax Type for this entity.
- The Tax Tables tab is used only for entities that use tax tables.
cassyjb |
Latest page update: made by cassyjb
, Oct 2 2008, 2:17 PM EDT
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tax entities
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