US Payroll Localization: FUTA Excess Balance Not Available After Balance Initialization
(Doc ID 2413496.1)
Last updated on MARCH 12, 2021
Applies to:
Oracle Fusion Global Payroll Cloud Service - Version 11.13.18.02.0 and laterInformation in this document applies to any platform.
Goal
FUTA Excess Balance Not available after Balance Initialization
We want to know the calculation logic for Excess.
We are in the process of converting Tax Balances from EBS (legacy) to Cloud.
In EBS, value for Excess balance was not found in the database, from UI it was concluded that Excess calculation is
Excess = Gross - PreTax - Taxable
We want a confirmation if this is correct?
Please confirm if these calculations are correct:
Reduced Subject Withholdable = Gross - PreTax
Excess = Gross - PreTax - Taxable
Exempt = Gross - Subject Withholdable
Solution
To view full details, sign in with your My Oracle Support account. |
|
Don't have a My Oracle Support account? Click to get started! |
In this Document
Goal |
Solution |
References |