EPBCS: Why does the FICA Taxes Generating Negative Tax Values once Threshold Limit is Hit
(Doc ID 2543732.1)
Last updated on OCTOBER 22, 2019
Applies to:Oracle Enterprise Planning and Budgeting Cloud Service - Version 18.07.64 and later
Information in this document applies to any platform.
FICA taxes is configured with a limit of $128,400.00 of total earnings. Once the threshold limit is reached, the system is calculating negative values to get a tax amount back to the threshold amount until the end of the quarter instead of capping out the tax amount once the threshold limit is reached.
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