Overview of US Tax Withholding for Pension and Annuity Payments
Tax Withholding for Pension and Annuity Payments cards store all the information required to accurately compute federal and state tax for a retiree.
Considerations and Prerequisites
- Update Retiree US Taxation and Federal Tax
- Create State Tax applicable to the state
- Create a tax reporting unit association for the Retiree US Taxation card component
If your retirees were created in the Oracle Human Capital Management Cloud without a Payroll or Payroll Interface license then you need to create the complete Tax Withholding for Pension and Annuity Payments card.
Tax Withholding for Pension and Annuity Payments Record Types
The Tax Withholding for Pension and Annuity Payments card is uploaded with HCM Data Loader using the Global Payroll Calculation Card business object. This generic object hierarchy provides record types to support the various localization requirements.
| Component | Functional Description | File Discriminator |
|---|---|---|
| Calculation Card | Defines the calculation card type and the employee assignment that it captures information for. | CalculationCard |
| Card Component | Used to group and segregate data required by the calculation card. The following sections describe the card components applicable to this calculation card and the child records that are required for each card component. | CardComponent |
| Calculation Value Definition | Allows the creation of value definitions so that overriding values can be specified on the card component. Details of the specific value definitions are provided in the following sections. | CalculationValueDefinition |
| Enterable Calculation Value | Used to specify an overriding value for each calculation value definition. | EnterableCalculationValue |
| Card Association | Associates the calculation card with the Tax Reporting Unit the employee reports to. | CardAssociation |
| Card Association Detail | Associates card components with the employee’s assignments. | CardAssociationDetails |
Tax Withholding for Pension and Annuity Payments Card Hierarchy
The hierarchy of Calculation Card components applicable to Tax Withholding for Pension and Annuity Payments are described here:
- Guidelines for Loading US Tax Withholding for Pension and Annuity Payments
- Guidelines for Loading Retiree US Taxation for Pension and Annuity Payments
- Guidelines for Loading US Federal Tax for Pension and Annuity Payments
- Guidelines for Loading US State Tax for Pension and Annuity Payments
- Associate Retiree US Taxation for Pension and Annuity Payments