Earnings code taxed at Supplemental Rate
I have had to set up several new Earnings Codes which are taxed at the Supplemental Rate and set up as Supplemental on the Tax Method of the Taxes tab/Earning Code.
My question is - On the Special Process/Special Accumulator tab of Earning Code - what is the difference between 'Adds to Special Balance' and 'Adds TXGRS to Special Balance'?
Our older supplemental earn codes are set up as 'Adds to Special Balance' but the system pends me to use 'Adds TXGRS to Special Balance' when setting up these new Earnings Codes.
Does anyone know what kind of impacts making the change to 'Adds TXGRS to Special Balance' might be? Thanks!