How to configure Sec. 70202 No Tax on Overtime
Summary:
We are looking at a below requirement from the Q4 legislative Updates. We need to implement this for the Q4 payroll process but I am not sure how to configure this portion.
Action you must take before year end: 1.
Identify all qualified overtime elements (half portion of time-and-a-half) that would be fed to the applicable W-2 balance.
Content (please ensure you mask any confidential information):
How to feed the current overtime element to only capture half portion from time and half piece to Feed to the w2 Balance.
what are we expected to feed in Box 12 Code TT. Is it the original overtime element or the half portion of it.
Tagged:
0