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Product support for the ended on September 30, 2020.
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Help & How-To Center content for the Creative Solutions Accounting platform may be outdated and is used at your own risk.
Use this dialog, together with the federal government's annualized income tables for the current year, to maintain annualized federal tax tables for individuals. Payroll CS uses this information to calculate federal income tax withholding or EIC advance payment during payroll check entry.
Choose Setup > System Configuration > Payroll Tax Information > Federal. In the Federal Tax Information dialog, click the Tables button. In the Federal Tax Tables dialog, first click the table that you wish to update and then click the Edit button.
See also
Federal Tax Information dialog
Updating tax information
Fields & buttons
Shows the name or description of each of the federal tax tables currently saved in Payroll CS. Click the table that you wish to view or update.
You may assign a name of up to 20 characters for the selected table.
Mark this checkbox if the selected table is to be used to calculate the earned income credit advance payment. During payroll check entry, Payroll CS will then automatically filter drop-down lists to show only EIC tables when they apply.
Use the annualized income tables published by the federal government in Circular E to obtain the correct figures for the current year.
The first row represents the zero bracket, so always enter 0.0000 in the first Plus Percent field for each table. The second row represents the lowest bracket, the third row represents the next-lowest bracket, and so forth.
Wages Over
Payroll CS automatically calculates the values for the fields in this column.
But Not More Than
Enter the maximum dollar amount for each wage bracket that has a maximum. Payroll CS duplicates this value as the minimum amount for the next wage bracket.
Have Tax Of
Payroll CS automatically calculates the values for the fields in this column.
Plus Percent (-99.9999 to 99.9999)
Enter the percentage value appropriate to each row's tax bracket.
If this is an EIC advance table: Note that you should enter a negative percentage when the EIC advance decreases.
Of Wages Over
Displays the calculated amount from the first column.
Related topics
Auto-update and reminder options for federal and state tax tables
Use the annualized income tables published by the federal government to obtain the correct figures for the current year. You can enter data only in the But Not More Than and the Plus Percent fields. Payroll CS automatically calculates and fills in the amounts for the other fields based on the numbers you enter.
CREATIVE SOLUTIONS ACCOUNTING
