The following Federal tax changes must be made no later than July 1, 2003.
The changes will affect the FIT Payroll Control Code.
Please use the Copy Function to update each bracket
- From the Human Res. & Payroll Main Menu, choose "Payroll Controls"
- Make the following changes to the FIT Payroll Control
Payroll Control Code = FIT
- Name = DEDUCTION,
- Effective Date = 07/01/03,
- Description = Standard Deduction per Allowance,
- Filing Status Code = N/A
- Brackets Type = Deduction
Payroll Control Code = FIT
- Name = W/H-M,
- Effective Date = 07/01/03,
- Description = Withholding - Married,
- Filing Status Code = MARRIED
- Brackets Type = Withholding
Payroll Control Code = FIT
- Name = W/H-S,
- Effective Date = 07/01/03,
- Description = Withholding - Single,
- Filing Status Code = SINGLE
- Brackets Type = Withholding
- From the Payroll Main Menu, choose Setup>>Brackets.
- Make the following changes to the specified Bracket Codes
Changes to the 'FEDDEDNOSTATUS' Bracket Code will affect the following Payroll Controls:
| FIT |
If the Bracket Code that you use is NOT the same as that shown below, or if you have modified the Brackets, you will have to manually make the following changes:
- Bracket Type Code = DEDUCTION
- Effective Date = 07/01/03,
- Description = Federal Deduction no Filing Status
Changes to the 'FEDWHSTATUS' Bracket Code will affect the following Payroll Controls:
| FIT |
If the Bracket Code that you use is NOT the same as that shown below, or if you have modified the Brackets, you will have to manually make the following changes:
- Bracket Type Code = WITHHOLDING
- Effective Date = 07/01/03,
- Description = Federal Withholding using Filing Status
