Tax Table F/M (PRF940)

Use this program to create and maintain records in the Payroll Tax Tables File.

Payroll taxes defined in this file are used by the system to calculate tax amounts on payroll checks. The taxes in these tables, except for FICA, should represent annual tax rates. By entering annual rates, the computer may calculate taxes, using a single table, for any pay period (weekly, monthly, etc.).

Federal tax tables for married and single persons should be entered along with all applicable state, local and miscellaneous payroll tax tables.

NOTE: FICA is a special case and must be entered with certain restrictions in order to work correctly. These restrictions are:

• At the Tax Code field, FICA must be entered as FCA.
  
• At the Type field, FICA must be entered as X.
  
• At the Annualize field, N must be entered.
  

NOTE: No changes should be made to this program for the new tax year until after the W-2 Information Capture (PRU820) is run for the previous year.

Click Field Descriptions for information on each field.

For more information how to use maintenances, refer to the following topics:

How to use file maintenance programs