Benefit Codes - Taxes Tab
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Access this tab using Maintain>Payroll>Benefit Codes. |
Use this tab to determine which federal, state, and other taxes to apply for this Benefit Code.
For more information about increasing taxable earnings, please contact your Tax Advisor.
Increase Taxable Earnings for the Following Federal Taxes FIT, Social Security, Medicare, FUTA: Select Federal Income (FIT), Social Security, Medicare, and/or Federal Unemployment (FUTA), as appropriate for this benefit code.
Increase Taxable Earnings for the Following State Taxes SWT, SUTA: Select State Withholding Tax (SWT) and/or State Unemployment Tax (SUTA), as appropriate for this benefit code.
Increase Taxable Earnings for the Following Other Taxes Employee Paid (LWT), Employer Paid (LER): Select Employee Paid (LWT) and/or Employer Paid (LER), as appropriate for this benefit code.
- Click Distribution Codes Information
to open the Maintain>Payroll>Distribution Codes form where you can create or modify a distribution code. Each time this button is selected a new Distribution Codes form is opened. - Since benefits are not typically taxable, by default, the check boxes are not selected on this tab.