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payroll:tables:taxdeductions:exemptions

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payroll:tables:taxdeductions:exemptions [2020/03/31 21:04] – created emorenopayroll:tables:taxdeductions:exemptions [2020/10/14 16:23] (current) – emoreno
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 <div #message></div> <div #message></div>
  
-//**Human Resources > Tables > Tax/Deductions > Exemptions**//+//**Payroll > Tables > Tax/Deductions > Exemptions**//
  
 <WRAP round intro>This tab is used to list the IRS exemption allowance, based on payroll frequency (biweekly, semimonthly, or monthly). This allowance figure is found in the IRS Circular E and is updated annually (go to www.irs.gov/pubs to obtain a copy of this publication). The allowance is multiplied by the number of exemptions claimed by an employee on the Maintenance > Staff Job/Pay > Pay tab to calculate the IRS withholding from an employee's paycheck. <WRAP round intro>This tab is used to list the IRS exemption allowance, based on payroll frequency (biweekly, semimonthly, or monthly). This allowance figure is found in the IRS Circular E and is updated annually (go to www.irs.gov/pubs to obtain a copy of this publication). The allowance is multiplied by the number of exemptions claimed by an employee on the Maintenance > Staff Job/Pay > Pay tab to calculate the IRS withholding from an employee's paycheck.
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 ^Calendar Year|Verify that the correct calendar year is displayed. If not, type the correct four-digit calendar year.| ^Calendar Year|Verify that the correct calendar year is displayed. If not, type the correct four-digit calendar year.|
  
-Click **Retrieve**.+VCV Click **Retrieve**.
  
-Under **Pay Frequency**, select the pay frequency (4 Biweekly, 5 Semimonthly, 6 Monthly) to be used.+VCV Under **Pay Frequency**, select the pay frequency (4 Biweekly, 5 Semimonthly, 6 Monthly) to be used.
  
 ^Amount of Allowance|Type the amount of the allowance (e.g., 250.00) for the selected pay frequency. This figure is found in the IRS Circular E, Percentage Method Amount for One Withholding Allowance table.| ^Amount of Allowance|Type the amount of the allowance (e.g., 250.00) for the selected pay frequency. This figure is found in the IRS Circular E, Percentage Method Amount for One Withholding Allowance table.|
  
-Click **Save**. +VCV Click **Save**. 
  
  
 ====Other functions and features:==== ====Other functions and features:====
  
-^Retrieve |++Retrieve data.|{{page>general:retrieve}}++| +^Retrieve |{{page>general:retrieve}}| 
-^Delete|++Delete tax tables.|{{page>general:deletetaxtables}}++| +^Delete|{{page>general:deletetaxtables}}| 
-^Print|++Print the tax table data.|{{page>general:print_tax_tables}}++| +^Print|{{page>general:print_tax_tables}}| 
  
  
payroll/tables/taxdeductions/exemptions.1585688670.txt.gz · Last modified: 2020/03/31 16:04 (external edit)

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