Vermont Childcare Tax (P014 & P015) - calculate at a 75%/25% employer/employee split

Guys,

We applied tax updates 25-A few weeks ago.

Tax Update 25-A delivered program funding changes to Vermont’s Childcare Contribution Tax (previously introduced in 24C). Any previously set user-defined entries were not carried forward when the program funding configuration table entries were redelivered in 25A. The calculation rule IDs previously set were re-added after 25-A so that the Vermont Childcare Tax would continue to calculate at a 75%/25% employer/employee split utilizing PeopleSoft’s delivered Calc Rule ID P014 & P015.

Issue:

Rule ID P015 is not calculating the Vermont Childcare tax at the appropriate rate.

Vermont Childcare EE – set to calculate using Rule ID P014 (25% of .0044)