The City Tax Values is used to calculate city tax deductions in “Payroll Hours Entry” 9.1.3.
Review this table every year and compare with the new year’s tax values.
The City Withholding Liability Account is the General Ledger liability account number to accrue city taxes.
You will need the flat rate percentage for the City Withholding Tax on Supplemental Earnings.
Items 5 – 14 are not currently activated. These items apply only to a few specific states. To activate, please call the Perfection Software Support Department (800-766-7530). Items 5 – 14 consists of the following fields: Calculation Basis, Maximum Gross Wages, Base Gross Percent, Percent of Federal Withholding to Adjust, Maximum Federal Withholding to Adjust, Adjustment for Social Security, Adjustment for Medicare, Standard Gross Adjustment Percentage, Minimum Standard Adjustment and Maximum Standard Adjustment.
You may save the information for just the Location entered or copy it to all of your Locations.