Configure FUTA Elements for Balance Adjustments
You can use either the Elements task or HCM Data Loader (HDL) to define the tax adjustment element for Federal Unemployment Tax Act (FUTA).
For further info, see Use Element Entries for Tax Refund Balance Adjustments for the US in the Help Center.
Use the Elements Task
You define the element with the same values as your predefined Federal Unemployment Tax element, with the exception that you define this tax adjustment element at the assignment level.
Field name |
What you enter |
---|---|
Legislative Data Group |
Select your US LDG, such as My US LDG |
Primary Classification |
Employer Taxes |
Secondary Classification |
Leave blank |
Name |
Enter a meaningful name, such as TA Federal Unemployment Tax |
Reporting Name |
Enter a meaningful name, such as TA Federal Unemployment Tax |
Description |
Enter a meaningful description, such as Element for adjusting Federal Unemployment Tax |
Effective Date |
1/1/1951 |
Input Currency |
US Dollar |
Should every person eligible for the element automatically receive it? |
No |
What is the earliest entry date for this element? |
First Standard Earnings Date |
What is the latest entry date for this element? |
Final Close |
At which employment level should this element be attached? |
Assignment level Note:
This results in elements processing in the payroll run. If you defined elements at the Relationship level and not the Assignment level, the adjustment amounts aren’t reflected in the payroll run. |
Does this element recur each payroll period, or does it require explicit entry? |
Nonrecurring |
Can a person have more than one entry of this element in a payroll period? |
Yes |
Configure these input values on the element.
Don't define the Statutory Reference Type or Statutory Reference Code input values, as they aren't applicable for tax adjustments.
Name |
Display sequence |
Special purpose |
Unit of measure |
Displayed |
Allow user entry |
Required |
Create a database item |
Apply default during pay run |
---|---|---|---|---|---|---|---|---|
Deferred Compensation 401K Reductions |
80 |
Money |
Yes |
Yes |
No |
No |
No |
|
Deferred Compensation 403B Reductions |
90 |
Money |
Yes |
Yes |
No |
No |
No |
|
Deferred Compensation 457 Reductions |
100 |
Money |
Yes |
Yes |
No |
No |
No |
|
Dependent Care Reductions |
110 |
Money |
Yes |
Yes |
No |
No |
No |
|
Excess Income |
30 |
Money |
Yes |
Yes |
No |
No |
No |
|
Exempt Income |
20 |
Money |
Yes |
Yes |
No |
No |
No |
|
FUTA Taxable |
40 |
Money |
Yes |
Yes |
No |
No |
No |
|
Gross |
10 |
Money |
Yes |
Yes |
No |
No |
No |
|
Other Pretax Reductions |
120 |
Money |
Yes |
Yes |
No |
No |
No |
|
Reduced Subject Withholdable |
60 |
Money |
Yes |
Yes |
No |
No |
No |
|
Section 125 Reductions |
70 |
Money |
Yes |
Yes |
No |
No |
No |
|
State |
140 |
Integer |
No |
No |
No |
Yes |
Yes |
|
Subject Withholdable |
50 |
Money |
Yes |
Yes |
No |
No |
No |
|
Tax Calculated |
130 |
Primary input value |
Money |
Yes |
Yes |
No |
No |
No |
Use the HCM Data Loader
To define the FUTA adjustment element:
-
Define HDL upload files to upload the element and its input values.
-
Define a DAT file with the necessary element details.
For further info, see Example of Creating Earnings Element for Payroll in the Help Center.
-
Define a DAT file for the required input values.
These are the same input values as described in the Use the Elements Task section above.
For further info, see Example of Updating Payroll Element Definitions in the Help Center.
-
-
Use HDL to upload the files.
Feed the Balances
After creating the input values for the element, link the element to the balances you intend to update.
Start the Balance Definitions task, and add these input values as balance feeds to the tax balance. Feed these balances before you feed the balances to the parent tax elements.
You must use 1951-01-01 as the effective as-of date.
Feed these balances |
Using these input values |
Add or subtract |
---|---|---|
Employee Tax Deductions |
Tax Calculated |
Add |
FIT 401k Reductions |
Deferred Compensation 401K Reductions |
Add |
FIT 403b Reductions |
Deferred Compensation 403B Reductions |
Add |
FIT 457 Reductions |
Deferred Compensation 457 Reductions |
Add |
FIT Dependent Care Reductions |
Dependent Care Reductions |
Add |
FIT Exempt |
Exempt Income |
Add |
FIT Gross |
Gross |
Add |
FIT Other Pretax Reductions |
Other Pretax Reductions |
Add |
FIT Pretax Reductions |
Other Pretax Reductions |
Add |
FIT Pretax Reductions |
Section 125 Reductions |
Add |
FIT Pretax Reductions |
Dependent Care Reductions |
Add |
FIT Pretax Reductions |
Deferred Compensation 401K Reductions |
Add |
FIT Pretax Reductions |
Deferred Compensation 403B Reductions |
Add |
FIT Pretax Reductions |
Deferred Compensation 457 Reductions |
Add |
FIT Reduced Subject Withholdable |
Reduced Subject Withholdable |
Add |
FIT Section 125 Reductions |
Section 125 Reductions |
Add |
FIT Subject Not Withholdable |
Subject Not Withholdable |
Add |
FIT Subject Withholdable |
Subject Withholdable |
Add |
FIT Withheld |
Tax Calculated |
Add |
Net |
Tax Calculated |
Subtract |
Net Payment |
Tax Calculated |
Subtract |
Tax Deductions |
Tax Calculated |
Add |