Recompute Taxable Wages

Use this screen to recompute the taxable wages in the Employee Earnings table according to the criteria selected.

The toolkit checks and, if necessary, corrects all Employee Earnings table information for the selected payroll year. The toolkit reads the selected Employee Earnings table information, verifies the taxable wages based on the taxability of the pay types and deductions included in each table, and (if you make a selection in the Apply Employee's Current Taxability group box) uses the employee's Taxability Status as set up on the Manage Employee Taxes screen. The toolkit then corrects any incorrect taxable wages. Assign rights to this screen sparingly, and use this toolkit with caution.

You can use this utility after entering records on the Manage Employee Earnings History screen or posting payroll, but it is best to use it at the end of the calendar year, before you create W-2s.

Multi-state tax functionality was added to a number of applications to allow the proper calculation of withholdings for employees who work in multiple states in a single pay period. Since the new tables have been created, this screen now looks at new earnings and employee tax tables.