E1: 07: 401k Catchup is Not Being Pre-taxed Correctly for Puerto Rico Employee
(Doc ID 3035473.1)
Last updated on JULY 19, 2024
Applies to:
JD Edwards EnterpriseOne US Payroll - Version 9.2 and laterInformation in this document applies to any platform.
Symptoms
401k catchup is not being pre-taxed correctly for a Puerto Rico Employee
The Puerto Rico (tax area 72) employee has reached the maximum annual limit of $23,000 for 401K and Roth withheld combined. Also, 401k catchup 50+ and Roth catchup 50+ have not reached the combined maximum. The 401k catchup 50+ is not being pre-taxed correctly.
Steps to Duplicate
- Enter an Interim Payment for Puerto Rico Employee that has reached the maximum annual limit of $23,000 for for the combined YTD amount for 401K and Roth
- In Work With Pay Stub Detail screen, the 401K catchup 50+ shows an amount of 76.92.
- In Work With Tax Detail screen, the Excludable Amount for Tax Area 72 State Income Tax shows an amount value of 38.52 instead of 76.92.
- In the Before and After Report, it shows Amt Alwd for 401K CU2 Over is 38.52.
Changes
Cause
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In this Document
Symptoms |
Changes |
Cause |
Solution |