MANAGE STATE STANDARD DEDUCTIONS

Use this screen to set up the state standard deduction amounts and rates for each filing status.

Load the existing tables when Costpoint is initialized, and modify the tables whenever they become outdated, per State publications and the Tax Tables updates. These tables must be current before your first payroll of the new calendar (payroll) year is processed. If you installed the tables supplied by Deltek, you can click to select and view the information. To modify information for an Effective Date that already exists, click to retrieve the record and then modify the applicable line information. To add information for an Effective Date that does not exist, click and enter the new record.

Location

Identification

State

Enter, or click to select, the state ID that identifies the state. State IDs are validated against the Costpoint's State table. The state name is displayed after the state ID is selected.

Effective Date

Enter, or click to select, the date for which this table applies. Pay Periods having a pay cycle end date the same as, or later than, the Effective Date use the related table rates. The format for effective date is MM/DD/YYYY.

Filing Status

Use this drop-down list to select the filing status that applies to this table. Valid options are:

State Standard Deduction Table

For Annualized Wages Over

This column displays each level of taxable income.

Base Amount Plus

This column displays the amount of base tax at each level.

Percent Over Excess

This column displays the tax rate for the excess of income over the taxable income in the For Annualized Wages Over column.

Minimum

Enter the minimum standard deduction amount.

Maximum

Enter the maximum standard deduction amount.