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.