We have facilities that have employees in New Jersey and Tennessee. Unemployment tax rates change July 1 each year and other states change January 1. On PR05 we have the tax deductions setup to self adjust Y. Payroll is telling me that, that BSI did not self adjust to the new amount if the employee already met the taxable wages. Which would be correct, I am thinking because they had already met the taxable wages prior to the new amount.
If we make the change late in BSI but the employee has not met the taxable wages, it seems to that its not adjusting to the new rate for the current time period.
Example July 1 2017 to June 30 2018 .010% and July 1 2018 to June 30 2019 .09%
What I am expecting Jan 1 to June 30 2018 .10% and July 1 to December 30 2019 .09%. (Our times records do not come over daily they come over week ending)
Should we use Q instead of Y on PR05?
- Y - Self adjust
- Q - Self adjust for quarterly formula
- N - Do not self adjust; except YTD tax
- I - Do not self adjust; ignore YTD tax
- B - Do not self adjust; ignore YTD tax/wage
