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Get Ca Compusource Payroll Tax Changes 2016-2025
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How to fill out the CA CompuSource Payroll Tax Changes online
This guide provides detailed instructions on how to accurately complete the CA CompuSource Payroll Tax Changes form online. Following these steps will ensure that you correctly implement the necessary payroll tax modifications for California.
Follow the steps to complete the CA CompuSource Payroll Tax Changes form online.
- Press the ‘Get Form’ button to access the payroll tax changes form and open it in your online editor.
- Review the effective date and ensure that you are making changes after the final payroll for 2015 has been processed. Confirm that you have run the 'Save Year-end Info and Reset' program before proceeding.
- Navigate to the 'State/Federal Tax Tables' option in your payroll system (or 'Tax Parameter File Maintenance') and update the necessary fields according to the new tax tables.
- Update the standard deduction amount: set $4,044 for Single and $8,088 for Married/Head of Household on the Custom Screen (option 'U').
- Verify that the bonus pay withholding rate remains set at 6.6% (0.0660) on the Data Screen (option 'T').
- Update the low income exemption amounts to $13,419 for Single, and $26,838 for Married/Head of Household on the Custom Screen (option 'U').
- Adjust the personal exemption credit to $120, ensuring you update the 'TAX CREDIT' value on the Custom Screen (option 'U').
- Maintain the unemployment wage limit at $7,000 and enter the correct unemployment employer tax rate derived from your Form DE-2088. For example, if the combined rate is 3.5%, enter 0.03500.
- Change the California disability wage limit to $106,742. Ensure the disability employee tax rate remains at 0.9% (0.00900).
- After completing all necessary updates, save your changes to the form. You will then have the option to download, print, or share the updated document.
Take the necessary steps to ensure your payroll tax changes are filed online today!
Related links form
What is the employer FICA rate for 2023? The employer FICA rate is 7.65% in 2023. Employees pay an additional 7.65% FICA tax, and self-employed workers pay the full 15.3%.
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