Manage Federal Taxes

Use this screen to set up Federal Tax information that is related to the Calendar Year (Payroll Year).

You can establish multiple years. This screen supports calculations of FICA, Federal Income Tax Withholding, Federal Unemployment Tax, and Qualified Deferred 401(k) Plan deferrals and wage ceilings.

Load the existing tables when initializing Costpoint, and modify the tables whenever they become outdated, per Federal publications. Deltek sends Tax Tables updates when updates are available. These tables must be current before your first payroll of the new calendar (payroll) year. To modify existing information for a payroll year, highlight the applicable field and enter the new data. To add new information for a payroll year, click and enter applicable information.