Payroll

Posted by joe on January 19, 2007, 2:30 pm

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Does anyone have sample Formulas for the Peachtree Accouning 2004 tax table
setup? I'd love to see some samples if you could copy and paste into a
reply.

Thanks

D

Posted by Laura on January 19, 2007, 2:43 pm

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> Does anyone have sample Formulas for the Peachtree Accouning 2004 tax

> table

> setup? I'd love to see some samples if you could copy and paste into a

> reply.

> Thanks

Does this help?

TAX ID TAX NAME
FICA EE7 FICA EE 07
FICA ER7 FICA ER 07

LIMIT=97500;
PERCENT=6.2;
TAXABLE_GROSS=YTD_LIMIT(ADJUSTED_GROSS,LIMIT);
ANSWER=-TAXABLE_GROSS*PERCENT%
***********************************************************
FIT M7 FIT 07 (NEED TABLE)
FIT S7 FIT 07 (NEED TABLE)

ANSWER = -PRORATE (TABLE (ANNUAL (ADJUSTED_GROSS) -
(EMP_FEDERAL_ALLOWANCES * 3300))) - EMP_FEDERAL_EXTRA
***********************************************************
FUTA7a FUTA ER 07

LIMIT=7000.00;
PERCENT=0.8; "example percentage only"
TAXABLE_GROSS = YTD_LIMIT (ADJUSTED_GROSS,LIMIT);
ANSWER = -TAXABLE_GROSS * PERCENT%
***********************************************************
MEDICAR7 MEDICARE 07

PERCENT=1.45;
TAXABLE_GROSS=ADJUSTED_GROSS;
ANSWER = -TAXABLE_GROSS * PERCENT%