Section 8: Taxes

Tax Table

The tax table is used to calculate federal and state income tax withholding for payroll.  The tax brackets can be edited whenever these amounts change.  This table also contains the following percentages:

o Farm Auto

o Farm Utility

o FUTA

o Kansas Employer Contribution

o FICA Upper Limit

o S.S. Report

o Medicare Report

 

To access the Tax Table:

1)   Click on Setup: Tax Table.
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2)   Enter farm auto and farm utility percentages in this table.  See preferences for instructions on how to automatically split utility and auto expenses between farm and non-farm when entering checks.
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    Farm Auto % - The percentage of the ATI code 008 (undivided auto expense), which will be used for the farm expense.  The remaining dollars will be allocated to non-farm expense

    Farm Utility % - The percentage of the ATI code 007 (undivided Utilities), which will be used for the farm expense.  The remaining dollars will be allocated to non-farm expense

 

Call SANDERS SOFTWARE CONSULTING, INC. (785) 865-5111 Support before making changes to the other tax categories.