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In ONTOP, payroll taxes are calculated based on income not other taxes.
Therefore, you must calculate the state taxes using a modification of the
formula used for federal taxes.
The first step is to make the state tax table
a duplicate of the federal tax table. Then you can reduce the percentages
appropriately.
(For example, if the federal rate is 6.0% and the state
is 10.0% of federal, set the state tax rate at 0.6% (6/100 * 10/100 = 0.6/100)). [ What's New | Software | Hardware | Service | Support | | |