EPY:Supplemental Earnings Offset 100% by a Pretax Deduction has FWT Withheld
(Doc ID 609004.1)
Last updated on OCTOBER 27, 2021
Applies to:PeopleSoft Enterprise HCM Payroll for North America - Version 8.9 and later
Information in this document applies to any platform.
Supplemental earnings offset 100% by a pretax deduction has FWT withheld. The pretax deduction is for a savings plan - plan type 47 (similar to 401K). It is calculating the FICA deduction based on gross pay correctly. However, it is taking the Federal and State taxes incorrectly.
$26,000 gross amount. It is reducing the taxable wages to $600 and taking out the taxes from that amount. Special tax withholding status is set to "None".
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