Local Tab
Use the fields in this tab to ensure proper withholding of payroll taxes for employees as indicated by their local withholding forms, and, if applicable, W-5 forms for Advance EIC (Earned Income Credit).
Local
This section provides rows for Local 1 -5.
| Field | Description |
|---|---|
| State/Locality |
Enter, or click
|
| Filing Status |
From the drop-down list, select the filing status that applies to the taxing entity on this row. |
| Exemptions |
Enter the number of exemptions claimed by the employee on Local exemption forms in these numeric fields. This exemption is used in the computation of Local withholding taxes. Note: Some localities make a distinction between regular exemptions and additional withholding deductions.
|
| Dependents |
Some localities give a credit based upon the number of dependents claimed. If this locality allows this, enter the number of dependents the employee claims in this numeric field. |
| Credits |
Some localities allow a credit (reduction in tax) based upon the number of credits claimed. If this locality allows this, enter the number of credits claimed by the employee in this numeric field. |
| Override Amount |
To override the system-calculated amount and use a different amount for the related tax, enter the amount in this numeric field. Costpoint uses this amount for each pay period. |
| Additional Amount |
If you want to add to the system-calculated tax-withholding amount, enter that additional amount in this numeric field. This amount is added to the system-calculated amount each pay period. |
to select, a six-character locality code. You can enter up to five localities. You must install your local tax tables before making this selection.