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Reply from MarcH. on Dec 21 at 10:29 AM Hi, does nobody process payroll in the US state Minnesota?
Marc
| | | ---------------Original Message---------------
From: Marc Hoffmann
Sent: Wednesday, December 14, 2011 4:44 PM
Subject: US Payroll, MN UI taxes 14% and 2% (new /489)
Hi,
I have a question regarding US payroll, state of Minnesota, Unemployment insurance.
MN has a 14% additional assessment tax (quarterly) and a 2% Federal Loan Interest Assessment tax.
With one of the last support packages the tax type 89 "UI Interest Assessment Fee" was introduced from SAP.
At the moment we are calculating the 14% and the 2% manually (quarterly UI tax + 14%, then add 2% of the total (UI+14%) on top).
Under what tax-type should the 14% Additional Assessment be configured?
Can SAP actually handle the new tax 89 in the correct way so it adds all taxes together (including the 14%) and then calculating the tax type 89 with 2%?
Hopefully somebody is running payroll for state MN and can clarify this for me.
Thanks in advance,
Marc |
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