Last updated on JANUARY 30, 2015
Applies to:Oracle Fusion Global Payroll Cloud Service - Version 188.8.131.52.0 and later
Oracle Fusion Global Payroll - Version 184.108.40.206.0 and later
Information in this document applies to any platform.
Report Needed for Tax Compliance
Report requested is used for the balance adjustment process to ensure that we are not adversely impacting limit based taxable wages and related withholdings like Social Security.
Information provided on the report is also used to upload it in the system that handles these type of tax calculations and hence the need for report in excel format.
* Taxation includes addition to taxable wages and tax withholdings for FIT, SIT, SS, Medicare, SUI, Local etc including employer liability as applicable.
** When Income from stock vesting is processed in payroll system for taxation purpose only, it should not pay the income on employees pay check.
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