on 08-03-2009 2:44 PM
In BTXRATE Table, what is the significance if the Maximum Salary field is populated along with the Experience Rate ? Is this salary field linked to Basic Pay Infotype ?..
Hello Somdeb,
The field MAXWAGE is for the uneployment ceiling. This where the max amount of salary is taxed.
If the ceiling for uneployment is $20,000, the employee will only be taxed for this amount even though the employee's yearly salary is $40,000. So six months into the year the tax will stop being taken once the employee's salary reaches the limit.
Regards,
Manny
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..Thank You Manny for that wonderful explanation
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