Table 6: Tax Types
This table contains a list of payroll taxes (and their codes) used with the Maintain>Payroll>Federal, State, and Other Taxes forms.
| Federal, State, and Other Payroll Taxes | Code |
|---|---|
|
Federal Income Tax |
FIT |
|
Social Security Tax |
SS |
|
Medicare |
MC |
|
Federal Unemployment Tax |
FUTA |
|
Earned Income Credit—no longer applies after Year 2011 |
EIC |
|
State Withholding Tax |
SWT |
|
State Withholding Tax—only applies to the Commonwealth of the Northern Marianas Islands. |
SWT2 |
|
State Unemployment Tax |
SUTA |
|
Other Taxes Employee Paid Tax |
LWT |
|
Other Taxes Employer Paid Tax |
LER |