Announcements for Payroll and OTL can now be found in the Announcements - Payroll and OTL - EBS (MOSC) subcategory. Follow to be sure you don't miss a thing!
US PAY: Unacceptable Tax Balance Report
Hello,
We have an imputed earnings that is exempt from FIT but is subject to New Jersey SIT. Now when we run the Unacceptable Tax Balance Report, it shows following message for all NJ employees that have this element: -
YTD FIT Subject < YTD SIT Subject
Due to the difference in taxability rules, we expect this variance between YTD FIT Subject and YTD SIT Subject. Therefore balances of those employees should not be flagged as "uacceptable".
YTD FIT Subject < YTD SIT Subject
Due to the difference in taxability rules, we expect this variance between YTD FIT Subject and YTD SIT Subject. Therefore balances of those employees should not be flagged as "uacceptable".
Thoughts?
Thanks,
Sumit
0