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Re: Annualized Tax Deduction

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I still need help with this situation. Here are more details.

 

We have a scenario where we have to make deferred comp payment to certain associates.

Catch is this deferred comp payment should be taxed as annualized Payroll period and not the bi-weekly payroll period.

So if  you refer to IRS Circular E for tax calculation, this payment should be taxed as per the calculation in Table 7 – Annual Payroll Period.

I called BSI for the help and only way they would  use Table 7 if we on BSI interface we send value 1 on field PP ( Payroll Period).

Field PP on BSI Interface is being populated through employee Payroll Area. Is there a way to overwrite this field on BSI interface in SAP?

 

Annualy-Payroll-Period.jpg


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