How to create Annual Tax Tables



Description of Issue

How do I change my biweekly and weekly tables to Annual tables for the 2020 tax tables?

Context
  • Munis
  • Deduction and Benefit Master
  • Payroll Control Settings
  • Tax Tables
Cause

IRS provided only Annual Tax tables for Automated Payroll Systems for 2020

Resolution
  1. Go to Tax Tables program. (Payroll>Payroll Setup>Income Tax Setup>Tax Tables)
  2. Define Federal Tax Table as usual, define the effective date for the new year (example, 01/01/2020), State code XX-Like Federal, define Marital Status, and Pay Period field as A-Annual.
  3. Click on Tax Table in the menu to define amounts for the standard withholding schedule. Click Return.
  4. Click Calc. Click W-4 Step 2 to define amounts for the W-4 Step 2 withholding schedule. 
    1. From the Calc screen the Tax Table option also takes you to the standard withholding schedule.

Once the Tax Tables have been created:

  1. Go to Deduction and Benefit Master. (Payroll>Payroll Setup>Deduction and Benefit Master)
  2. Search for federal deduction(s). Click Accept
  3. Click Update and enable the setting for Annual Tax Table.

If you wish to enable ALL tax tables to Annual:

  1. Go to Payroll Control Settings. (Payroll>Payroll Setup Payroll Control Settings)
  2. Scroll to the GENERAL Category and locate and double-click the setting labeled USE ANNUAL TAX TABLES
  3. Click Update and enter the value N then click Accept
Additional Information