infor.com
concierge
infor u
developer portal
Home
Groups
FACTS - Partner Community
Payroll 7.7 Deduction for IRS Wage Garnishment
Eddy Vittini
Greetings,
I have a customer that is running PR in Facts 7.7 and has been notified by the IRS that he will need to garnish wages from one of his employees. It appears that the IRS has a formula to compute the amount of money that the employee will be "granted" to live on and the balance needs to be sent to the IRS.
Since the employee is an hourly employee and not a salaried employee the amount he earns weekly will change from week to week. Has anyone created a deduction (or know if it can be done) to compute on 100% of net over a set value?
Say for example the IRS deems that the employee should be able to live on $200.00 net per week and this week the employee earns $225.79 (after standard FWT, SWT, FICA/Medicare); then the $25.79 would be subtracted from his net to create a new net check of $200.00. Then next week the employee earns $247.82; this week his IRS deduction would be $47.82, to again get his check to $200.00.
Other than running the check edit list to determine the employees net check, then editing the check preparation file to edit the IRS withholding value to reduce the check to the maximum allowed by the IRS; is there a way to automate the process so the end user needs only enter the wages earned and have the deduction compute the correct value?
Find more posts tagged with
Comments
There are no comments yet
Important Links
Community Hubs
Discussion Forums
Groups
Community News
Popular Tags
ION Connect
ION Workflow
ION API Gateway
Syteline Development
CPQ Discussion Ask a Colleague
Infor Data Fabric
Infor Document Management (IDM)
LN Development
FAQs, How-To, and Best Practices
API Usage