Deltek Vantagepoint Help

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Nebraska Tax

For Nebraska residents, you specify the employee's status and exemptions.

Deltek Modification Date - 12/16/16

Enter the following field information for residents of Nebraska on the Withholding grid on the Payroll tab of the Employees hub:

Field Description
Status

Enter the marital status claimed by the employee for federal income tax purposes on Form W-4:

  • S: single
  • M: married
  • H: head of household
Exemptions

Enter the total number of withholding exemptions claimed by the employee for federal income tax purposes on Form W-4. This figure includes:

  • Personal exemptions for self and spouse not claimed on other Form W-4.
  • Additional exemptions for age and blindness.
  • Exemptions for dependents.
Other Exemptions Nebraska’s tax calculations do not use the Other Exemptions field.

Automatically Calculated Variables

Vantagepoint automatically computes the allowance based on the exemptions claimed by the employee.

Allowance

The allowance is based on the number of exemptions in the first Exemptions field. It is determined by multiplying the number of exemptions by $1,960.

How Vantagepoint Calculates Tax

To calculate an employee's Nebraska State tax, Vantagepoint does the following:

  1. Multiplies the employee's gross pay per pay period by the number of pay periods in a year to determine annualized gross wages.
  2. Subtracts the employee's allowance and any 401(k) and 125/Cafeteria plan contributions from the employee's annualized gross wages to determine taxable income.
  3. Calculates the net income tax by applying Tax Calculation Method 1 to the taxable income.
  4. Divides the net income tax by the number of pay periods in a year to determine the amount to be withheld for the pay period.