Why is Federal Tax Annualized Over 26 Periods When There Are 27 Periods in the Year?
(Doc ID 2570911.1)
Last updated on DECEMBER 21, 2020
Applies to:Oracle HRMS (US) - Version 12.2 HRMS RUP12 and later
Information in this document applies to any platform.
Some years have 27 bi-weekly payroll periods instead of 26. Oracle/Vertex is using 26 pays for annualization regardless of how many pay periods are in the year. Why is this happening, and how can it be changed to use 27 as the annualization factor?
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