Hi Friends,
Iam having an issue which is related to Local Tax.
The details are given below
Gross Pay= 2489.20
Pre-tax deductions
Medical 52.53
Dental 36.15
Flex.H 56.58
Defercmp 294.33
Taxable income=Grosspay-All pre-tax deductions=2049.61
Local tax = 1% of Taxable income
As per the formula Local tax = 20.49 but it displaying as 23.44.
I hav checked the 65, 67 etc., processing classes.
But there is no change.
Kindly help in this where the issue is raising and how should solve ASAP.
Thanks in Advance.
Pranathi