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US PAY: Effect of Change Taxability Rules on W2
We are on EBS 12.1.3. In doing research through Oracle documents, it appears that changing Taxability Rule settings will automatically recalculate federal figures but not state figures. Our staff had a one-time element set up with the wrong state taxability (SIT) option for two people. Actually federal was wrong too.
After they fixed that, they did a retry of the Year-End Pre-Process and the federal (box 1) figure came out right but the state wages (box 16) did not.
Can anyone validate for me that staff will need to use Adjust Tax Balances to fix the state wages, that this should not automatically get balanced? Thanks.
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