Common Elements Used in Withholding Process
| Field or Control | Description |
|---|---|
|
Entity |
Tax authority. |
|
Type |
Defines withholding at the highest level in PeopleSoft Payables. For example, in the U.S. 1099 is a withholding type. |
|
Jurisdiction |
Jurisdictions introduce an additional level of classification between the withholding type and class. |
|
Class |
For each withholding type, you can define classes or activities, such as Rent, or Royalties. |
|
Withholding Class Combination |
For the sake of brevity, sometimes it is referred to the combination of withholding entity, type, jurisdiction, and class as a withholding class combination. |