Setting Up Common Paymaster for a Company

Access the Corporate Tax ID Revisions form.

CP

Enter a value that specifies whether the company is part of a paymaster group for purposes of FICA calculation. Values are:

Y: Company is part of a paymaster group. This enables an employee to have wages in more than one company within the paymaster group, yet be subject to only one annual limitation for the purpose of calculating taxes.

N: Company is not part of a paymaster group. This is the default value.

A Y in this field must be accompanied by a code in the PM GR (Paymaster Group Code) field.

PM GR (paymaster group)

Enter a code that identifies which paymaster group the company resides. This code enables the JD Edwards EnterpriseOne Payroll system to group multiple companies together to check for limitations on unemployment and FICA taxes.

If you specify a common paymaster, you must specify a paymaster group code.

Complete the C P and PM GR fields if you have more than one company that you include under the same federal tax ID.