Tax tables for the state of Connecticut*

Transcription

1 Tax tables for the state of Connecticut* To enter state tax tables: 1. From the Main Menu, choose Payroll, Maintenance, Tax Tables, State. 2. If the record already exists, switch to Modify Mode and select it. Click [OK]. 3. Complete the appropriate fields using the data below and information specific to your company. 4. Click [OK] to save the record. The General Tab Be sure to add a new row in the Effective Date area. Do NOT modify any existing rows. By default, the State Reciprocity field is set to Yes, and the Makeup Tax: Local and Makeup Tax: State fields are set to No. Please verify this setup is correct for your company. * Please check all tax table information with the state tax authority and/or your tax professional. The Exemptions Tab Leave all fields on the Exemptions tab blank. Page 1

2 The Tables Tab When accessing the Tables tab, be sure to click on the row with the appropriate Effective Date (1/1/2014) on the upper portion of the window. Information for Table 1: Complete the Brackets and Additional 2 sub-tabs. Leave all fields on the Exemptions and Additional sub-tabs blank. Page 2

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4 Information for Table 2: Complete the Brackets and Additional 2 sub-tabs. Leave all fields on the Exemptions and Additional sub-tabs blank. Page 4

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6 Information for Table 3: Complete the Brackets and Additional 2 sub-tabs. Leave all fields on the Exemptions and Additional sub-tabs blank. Page 6

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8 Information for Table 4: Complete the Brackets and Additional 2 sub-tabs. Leave all fields on the Exemptions and Additional sub-tabs blank. Page 8

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10 Additional Information After defining Connecticut State Tax Tables, you should access each Employee Record to specify the correct filing status and modify the Apply Connecticut Exemptions/Credits checkbox. To access this field: 1. From the Main Menu, choose Payroll, Maintenance, Employees. 2. Switch to Modify Mode. 3. Enter an Employee Number in the Employee field and press <Enter>. 4. Click the Deductions tab. 5. Enter the appropriate filing status in the Status field. 6. Click the Additional tab. 7. Complete the Apply Connecticut Exemptions/Credits field. 8. Click [OK] to save the changes. The Status field should be completed as follows: CT Filing Status A or D should use a status of S. CT Filing Status B should use a status of HH. CT Filing Status of C should use a status of MJ. CT Filing Status of F should use a status of MS. For most employees, the Apply Connecticut Exemptions/Credits checkbox should be enabled. However, for those employees who choose Filing Status D on the Connecticut Form CT-W4 (Filing Status Worksheet), the checkbox should be disabled. For employees with a Status of S and the Apply Connecticut Exemptions/Credits checkbox disabled, the exemptions and credits entered in the Additional 2 sub-tab of the Connecticut State Tax Tables will not be used, creating a greater tax withholding. This is necessary for employees who may fall into one of the following situations: The employee files Married Joint on the Federal return with a combined income over $100,500. The employee has significant non-wage income and wishes to avoid having too little tax withheld. The employee is defined as a Connecticut non-resident and has substantial other income. For more information about choosing the appropriate Connecticut Filing Status, refer to Connecticut tax form CT-W4. Page 10