Taxation

Access the Taxation tab.

1. Processing Mode

Specify the mode in which the report runs. If you select the proof mode, then the system prints a report without updating the history tables. If you select the update mode, then the system prints a report and updates the summary history table with the corrected information. Values are:

0: Proof mode

1: Update mode

2. Tax History Records

Specify whether to delete the records in the Tax History table for which the company, tax area, and tax type have no corresponding records in the Corporate Tax ID table. In some situations, these records are valid and should not be deleted. For example, if you are waiting to receive a corporate tax ID from the government, you might have entered applied for in the Corporate Tax ID table. In this case, you would not want to delete the tax history records, even though they do not correspond to the records in the Corporate Tax ID table. Values are:

0: Do not delete

1: Delete

Caution: Deleting tax history records can cause significant loss of information that you might need for year-end processing. Before you set this processing option to 1, contact https://support.oracle.com

3. Annual Wage Limit for Social Security

Specify a numeric value that represents the amount of wages that employees must pay Social Security tax.

4. Tax Rate for Social Security

Specify a numeric value that represents the percentage of wages that employees must pay in Social Security tax for the current year. For example, if the Social Security tax rate is 6.2 percent, enter 6.2 for this processing option.

5. Tax Rate for Medicare

Specify a numeric value that represents the percentage of wages that employees must pay in Medicare tax for the current year. For example, if the Medicare tax rate is 6.2 percent, enter 6.2 for this processing option.

6. Error Codes to Omit

Specify the four-digit error codes that you do not want to print on the report. If you leave this processing option blank, all error codes will print on the report.