Defining the Iowa Surcharge

Company Level Code defining the "SC" tax (Percentage
Based)
The XYZ Company sets up the Iowa Surcharge code as
follows:
- One Company Level Code is required to automate the AC tax as detailed
above.
Lets examine it in detail.
|
Field
|
Value
|
Comments
|
|
ID
|
82
|
The number assigned to this
Code is determined by the user who created it. The only limitation
is that they be between 80 and 89 due to the fact that these codes
have been especially set up in CCS Payroll for State and Local taxes. |
| Description |
Iowa Surcharge |
The letters SC
or SURCHARGE are required. Any
other additional description is optional. |
| Category |
X
|
Employer Tax |
| Type |
02
|
Percent of Gross |
| Frequency |
0
|
Every Pay Period |
| Amount |
.036
|
Enter the applicable Percentage |
| Limit |
6.912 |
The Limit field is based on a yearly limit -- for
2003 the base wage limit was $19,200.00 |
| Balance |
0.00 |
Not required for a tax type code. |
| Tax Entities |
All checked |
This Code is not a pre-tax deduction as far as these
withholding taxes are concerned. |
| Global |
UnChecked |
If all employees of the Company are considered for
this taxation click the Global box, otherwise assign it specifically
to those employees who the tax is applicable to. |
If you wish to make the State withholding payment via
the CCS Payroll Program, add the necessary banking information by clicking
on the Bank button. Remember to click to Show Address checkbox and fill
in the agency name & address if you will be paying with a paper check.
Also click on the Multiple Weeks checkbox unless you want each pay period's
line item listed separately.