to select, the pay type code (previously established in Costpoint Labor) for which you want to set up the taxability. The description of the entered pay type code is displayed when you enter the pay type.Use this screen to establish the Federal, State, and Local Tax handling rules for established pay types.
You must set up this screen before you compute your first payroll. Costpoint assumes full taxability at the federal, state, and local level unless you specify differently here.
Enter, or click to select, the pay type code (previously established in Costpoint Labor) for which you want to set up the taxability. The description of the entered pay type code is displayed when you enter the pay type.
Use this group box to select income taxability for federal income tax withholding and taxability for the two levels of FICA and FUTA.
Select one of the options, depending on the federal income tax computation for this pay type.
Select this option if the pay type has no special effect on the calculation of income tax.
Select this option if this pay type is taxable when added to gross pay, but withholding is not required.
Select this option if this pay type must be subtracted from gross pay before taxes are computed.
Use this group box to set up taxability at the social security and Medicare levels.
Select this check box if this pay type must be subtracted from gross pay before social security taxes are computed.
Select this check box if this pay type must be subtracted from gross pay before Medicare taxes are computed.
Select this check box if this pay type must be subtracted from gross pay before Federal Unemployment taxes are computed.
Select this check box if this pay type must be included in Field 11 of your W-2s.
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Subtask |
Description |
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State |
Click this link to access the State subtask for the current record. |
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Local |
Click this link to access the Local subtask for the current record. |