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Unemployment Overrides

Somdeb
Active Participant
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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 ?..

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
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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

Answers (1)

Answers (1)

Somdeb
Active Participant
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..Thank You Manny for that wonderful explanation