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#31
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Tax authority This field identifies a government agency that is authorized to levy certain taxes. Depending on the jurisdiction of the agency, the level of the tax authority may be: Federal State (e.g. County (e.g. King) City (e.g. School district Tax type The type of tax to be levied by the authority, e.g. Withholding, Unemployment, Social Security. Employer Identification number The employer identification number assigned by the tax authority. |
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#32
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Tax-Related Wage Types In this section, you maintain tax-related wage types. This involves assigning processing classes and valuation bases to your wage types as well as creating statement wage types for storing the grossed-up value of wage types. |
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#33
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#34
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Maintain tax-related processing classes In this step you set the values for the following processing classes for all tax wage types. This allows you to control the way the wage types are processed by the payroll system. IMG Path & Table: Maintain Tax-Related Processing Classes Path: Payroll -> Payroll: USA -> Tax -> Tax-Related Wage Types -> Maintain tax-related processing classes Table: V_512W_D The processing classes involved in this step are Processing class - Definition --------------------------------- 67 Work tax area override proration for supplemental wages 68 Payment type for tax calculation 69 Taxable earning or non-taxable earning 70 Work tax area override proration for salaried employees 71 Wage type tax classification 72 Employer / employee tax 84 Non-cash income type for tax calculation Note: See Processing classes used in work tax area override processing for further information on processing classes 67 and 70. Example: Taxes for wage type M002 (Monthly Salary) should be calculated using the regular method and as the employee's tax liability. Values to enter: Processing class 68 - Payment type for tax calculation: 1 Regular method Processing class 69 - Taxable or non-taxable earnings: 1 Taxable earnings Processing class 71 - Wage type tax classification: 0 Regular wages Processing class 72 - Employer/employee tax: 1 Employee tax Activities For each wage type relevant for taxes, set the values within processing classes 67, 68, 69, 70, 71, 72 and 84 as required. Summary:
Note: See Processing classes used in work tax area override processing for further information on processing classes 67 and 70. |
Payroll | Time | OM & PA | Portal | Payroll Fixes | Career Tips | SuccessFactors |
#35
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