Important Update to YE Processing Documentation and Instructions
NOTE: There has been a change made to the FICA EE Tax Limit and Wage since we have recorded and distributed the US Year-End Processing webinar and user guide documentation. This only impacts US Payroll Processing and this change needs to be made before processing the first 2018 payroll.
The FICA EE Tax Limit and Wage change is as follows:
You shall make this change in your eCMS US Payroll application, under File Maintenance 1 > Tax Table > Employee Tax Tables.
Tax Table Maintenance – Selection Screen:Pay Frequency = AN-Annual Tax Status = blank Table Type = A-Social Security FICA Effective Date = 01-01-2018
Tax Table Maintenance Screen = 1st screen – the wage should be changed to $128,400
Tax Table Maintenance – Optional Values – last screen – tax should be changed to $7,960.80