Classic Payroll Federal Tax Rates 2015 CASELLE
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1 Classic Payroll Federal Tax Rates 2015 CASELLE
2 TABLE OF CONTENTS i Copyright Copyright 2014 Caselle, Inc. All rights reserved. This manual has been prepared by the Caselle documentation team for use by customers and licensees of Caselle software. Information in this document is subject to change without notice. The software described in this document is furnished under license agreement or nondisclosure agreement. The software may be used or copied only in accordance with the terms of those agreements. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or any means electronic or mechanical, including photocopying and recording for any purpose other than the purchaser s personal use without the written permission of Caselle, Inc. Caselle, Inc S East Bay Blvd Ste 100 Provo, UT Trademarks Caselle and Clarity Payroll TM are trademarks of Caselle, Inc. in the U.S.A. and other countries. Other brands and their products are trademarks or registered trademarks of their respective holders and should be noted as such.
3 TABLE OF CONTENTS ii Contents 0 Before you get started 1 1 Change Social Security Wage Limit 2 2 Load Federal Withholding Rates 4
4 STEP 0: WHAT S NEW 1 0 Before you get started Due to recent changes to the Federal tax legislation, you need to make the following changes to the Pay Codes and Federal Tax tables. Change the Social Security Wage Limit Load the Federal Withholding Rates Important! Make these changes AFTER you complete the Payroll Year-end Checklist.
5 STEP 1: CHANGE THE SS WAGE LIMIT 2 1 Change Social Security Wage Limit Follow these instructions to enter the Social Security Wage Limit. Do this Open Classic Payroll > Maintenance > Pay Code. 2. Look up the Social Security pay code. You can use the Lookup bar or click Search (F9). Tip! You can highlight the enter amount and sign in the Percentage field, and then enter 6.20 and press Enter. When you press Enter the system assign the correct sign for you. Before you continue, make sure a negative (-) sign displays in the Percentage field. Payroll > Maintenance > Pay Code 3. Click the General 2 tab. 4. Use the Social Security Wage Limit field to enter 118, Important! The Federal government may be changing the Social Security Wage Limit in the future. We ll notify you of any changes.
6 STEP 1: CHANGE THE SS WAGE LIMIT 3 5. Click the Pay Periods tab. 6. Change the Amt-Rate-% field to Social Security Percentage in the Amt-Rate-% field
7 STEP 2: LOAD FEDERAL WITHHOLDING RATES 4 2 Load Federal Withholding Rates Follow these instructions to enter the 2014 Federal Withholding Rates. Do this Open Classic Payroll > Maintenance > Federal. 2. Look up the Federal Withholding Rate. 3. Use the FWT Exemption Amount field to enter 4, Payroll > Maintenance > Federal > FWT Exemption Amount 3. Click the Withholding Rates tab. 4. Use the Marital Status menu to select Single. Marital Status Menu
8 STEP 2: LOAD FEDERAL WITHHOLDING RATES 5 5. Use the amounts, shown in the following screen shot to update the Federal Withholding Rates for the single marital status. Payroll > Maintenane > Federal > Withholding Rates tab - Single Withholding Rates 6. Next, use the Marital Status menu to select Married. 7. Use the amounts, shown in the following screen shot to update the Federal Withholding Rates for the married marital status. Payroll > Maintenane > Federal > Withholding Rates tab Married Withholding Rates You re done! The Payroll application is ready to go for Important! Make sure the State Tax tables have been updated with the 2014 state tax withholding rates.
Classic Payroll 2013 Federal Tax Rates CASELLE
Classic Payroll 2013 Federal Tax Rates CASELLE Copyright Copyright 2013 Caselle, Inc. All rights reserved. This manual has been prepared by the Caselle documentation team for use by customers and licensees
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