A. Purpose:

 

For Federal and State Income Tax Computation Tables; Description Exemptions & Allowances, Rate Tables.

 

B. Example Updates:

 

Add - Working in a New State, State Income Tax Rates or Computation method changed. (Federal done automatically as part of Year End Update).

 

Change - NOT USED If a Tax changes a NEW RECORD is added to the File.  (necessary because Tax Tables are DATE SENSATIVE, allowing for Payroll runs in prior periods).

 

Delete - NOT ALLOWED

 

C. Procedure:

 

Add a New Master Record.

 

D. Required Fields:

 

                         

 

E. Field Descriptions:

 

Federal / State Income Tax Record