Maintaining Tax Details

Use the Tax Details tab to identify the budget impact of country-specific employer-paid taxes (SUTA or FICA for example in the U.S.) assigned to some positions.

  To manage tax details:

  1. Perform steps 1-4 in Maintaining General Position Data.

  2. Perform any task on the Tax Details tab:

    • To budget for new employer-paid taxes, right-click, select Add Employee-Paid Tax, and then specify data such as:

      • Element—Tax element such as FUTA

      • Option—Type or recipient of the tax, such as survivor spouse and children

      • Payment frequency, payment terms, option value, and maximum value determined by the tax

      • Option End Date—When the tax obligation ends

    • To remove taxes, right-click, and then select Delete Employer-Paid Tax.

    • To identify the monthly, quarterly, and annual effect of taxes on the budget, right-click, and then select View Budget Impact of Taxes.

  3. Save.

  4. See Calculating and Allocating Compensation Expenses and Viewing the Budget Impact of Compensation Expenses.