EPBCS Workforce Tiered Tax - Setting Component Type as Rate Table and Threshold Doesnt Calculate Tax
SummaryWe were trying to set up tiered tax for FICA. However when choosing component type as Rate Table and Threshold, the fica tax wouldn’t calculate at all. Please kindly see below for our setup
We tested with FUTA as well. If it was set up as rate table in the Benefit and Tax wizard, it would calculate just fine. However if changing it to Rate Table and Threshold, FUTA wouldn’t calculate as well.
It now seems like whenever we change the component type to Rate Table and Threshold it wouldnt calculate.