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When I create the ICESA Unemployment Report, the Taxable Wage amount for most employees is $0. |
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Most employees have already met the taxable wage base for the year and no more tax is owed for these employees. |
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Review the Taxable Wage Limit value used on the Generate define.
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Taxable Wage Limit is a limit for the year, and not the quarter. Once an employee reaches the defined Taxable Wage Limit, no more tax is owed. Example: Employee John Smith earns $12,500 in Quarter 1 and $10,500 in Quarter 2. In the Quarter 1 report, Taxable Wages = $12,000 and the limit is met for this emp. In the Quarter 2 report, Taxable Wages = $0 because the limit was already met for this emp in Quarter 1. | ||||||||
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The Taxable Wages of $0 is correct in this scenario and no additional steps are necessary. Submit the report. | ||||||||
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titleBGColor | #03396c | title | Additional InformationReview the Calculations for Excess wages and Reportable Wages section starting on Page 20 in the Reconciling Your Unemployment Report document. |