Dynamics 365 CommunityForums Microsoft Dynamics GP (Archived) set up local county ta...

set up local county tax calculation

(0) Share

Report

Posted on by WilliamPenn

I have set up a county tax with a calculation sequence to subtract exemption and then apply the tax rate. The amount per exemption is entered in the local tax setup and the exemption number is entered in the employee local tax maintenance screen to automatically calculate but it doesn't seem to calculate the tax correctly.

Example: employee claiming M-1 and amount per exemption is $83.33

salary 1000.00

exemption 1X83.33= $83.33

Taxable wages $916.67 X 1.5% should be $13.75

The calculated checks report shows the local tax withheld to be $14.90

Do you know what I am doing wrong.

Thanks for your help

WilliamPenn

*This post is locked for comments

All responses (1)

Answers (0)

Suggested answer

Sherlene Sorenson 967 on at

Like (0)

Report

RE: set up local county tax calculation

Hello!

The tax deduction amount could also be affected by whether you have paycodes or benefits marked as Subject to Tax, or Deductions marked as Sheltered from Tax. If you haven't already resolved this, I'd be happy to review some screenshots to help troubleshoot.