Defining the Iowa Surcharge and Reserve Fund

 

Company Level Code defining the "SC" tax (Percentage Based)

 

The XYZ Company sets up the Iowa Surcharge code as follows:

Lets examine it in detail.

Field	Value	Comments
ID	82	The number assigned to this Code is determined by the user who created it. The only limitation is that they be between 80 and 89 due to the fact that these codes have been especially set up in CCS Payroll for State and Local taxes.
Description	Iowa Surcharge	The letters SC or SURCHARGE are required. Any other additional description is optional.
Category	X	Employer Tax
Type	02	Percent of Gross
Frequency	0	Every Pay Period
Amount	.036	Enter the applicable Percentage
Limit	7.344	The Limit field is based on a yearly limit -- for 2005 the base wage limit was $20,400
Balance	0.00	Not required for a tax type code.
Tax Entities	All checked	This Code is not a pre-tax deduction as far as these withholding taxes are concerned.
Global	UnChecked	If all employees of the Company are considered for this taxation click the Global box, otherwise assign it specifically to those employees who the tax is applicable to.

 

 

 

The XYZ Company sets up the Iowa Reserve Fund code as follows:

Lets examine it in detail.

Field	Value	Comments
ID	83	The number assigned to this Code is determined by the user who created it. The only limitation is that they be between 80 and 89 due to the fact that these codes have been especially set up in CCS Payroll for State and Local taxes.
Description	Iowa Reserve	The letters RESERVE are required. Any other additional description is optional.
Category	X	Employer Tax
Type	02	Percent of Gross
Frequency	0	Every Pay Period
Amount	.02	Enter the applicable Percentage
Limit	4.08	The Limit field is based on a yearly limit -- for 2005 the base wage limit was $20,400.00
Balance	0.00	Not required for a tax type code.
Tax Entities	All checked	This Code is not a pre-tax deduction as far as these withholding taxes are concerned.
Global	UnChecked	If all employees of the Company are considered for this taxation click the Global box, otherwise assign it specifically to those employees who the tax is applicable to.

 

If you wish to make the payment of this tax via the CCS Payroll Program, add the necessary banking information by clicking on the Bank button. Remember to click the "Show Address" checkbox and fill in the agency name & address if you will be paying with a paper check. Also click on the Multiple Weeks checkbox unless you want each pay period's line item listed separately.