Use this table to establish and maintain the state income tax withholding tax rates that will be used to withhold state income taxes from the employees' paychecks.
Load the existing tables when the system is initialized, and modify the tables whenever they become outdated, per State publications and the Tax Tables updates. (The current tax tables are loaded in Costpoint; you will receive a copy of the new Tax Tables when the new tables are created.) These tables must be current before your first payroll of the new calendar (payroll) year is processed. If you have installed the tables supplied by Deltek, you can use Query to select and view the information. To modify information for an Effective Date that already exists, use Query to retrieve the record, and then change the applicable line information. To add information for an Effective Date that does not exist, select the New Line button on the toolbar and enter the new record.
Enter, or use Lookup to select, the two-character state ID that identifies the state. State IDs in this field are validated against the system's State table. The state name associated with the entered state ID code also displays.
Enter the date that the tax becomes effective. The system format for this field is MM/DD/YYYY. Pay Periods having a pay cycle end date equal to or greater than the Effective Date will use the related tax table rates.
Use this drop-down box to select the applicable filing status. Valid options are: "Both," "Head of Household," "Married," "Misc Status 1," "Misc Status 2," "Misc Status 3," "Misc Status 4," or "Single." or." Separate tables are maintained for status. Refer to the Tax Tables documentation for a definition of each status on a state-by-state basis.
If you find that you need to add additional information, select the New Line button on the toolbar.
This table should be very similar to the "annual" method table in your appropriate State Publication. The first column represents each level of taxable income.
The second column represents the amount of base tax at each level.
The third column represents the tax rate for the excess of income over the taxable income in the first column.
Changes to this screen update the State Tax Table (PR_STATE_TAX_TBL).