Payroll for NA / Time and Labor - PSFT (MOSC)

MOSC Banner

How annualization of earnings works to calculate FWT? Tax calculation example

edited Nov 1, 2023 12:54PM in Payroll for NA / Time and Labor - PSFT (MOSC) 6 commentsAnswered ✓

Greetings!

We processed first Paycheck in a Test database in our efforts to acquire a small company from NA. Can someone help how system calculated the below FWT numbers?

System calculated as 651.61. But my understanding is to be at 760.76. Pay frequency is BiWeekly, i considered 26 pay periods in my calculation.

what am i missing here? can someone help ?

THanks in advance.


Howdy, Stranger!

Log In

To view full details, sign in to My Oracle Support Community.

Register

Don't have a My Oracle Support Community account? Click here to get started.

Category Leaderboard

Top contributors this month

PSFT NA Payroll Tags

Instructions for posting

×

1. Select a discussion category from the picklist.


2. Enter a title that clearly identifies the subject of your question.


3. In the body, insert detailed information, including Oracle product and version.


Please abide by the Oracle Community guidelines and refrain from posting any customer or personally identifiable information (PI/CI).


Cloud / Fusion customers - Our Cloud community has moved! Please go to Cloud Customer Connect .


New to My Oracle Support Community? Visit our Welcome Center

MOSC Help Center