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Greenwood Village Tax type 51

Former Member
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Hi,

We have enabled Tax Auth CO02 (Greenwood Village Colorado) in T5UTI and as per tax model it should calculate tax type 51 and 54.

When we run payroll and check USTAX, we can see that both tax types are being read in Tax Data in processing step but the output only shows the $ amount for Tax Type 54 and Tax type 51 is 'zero'

Even though the taxable earning for Tax Type 51 is there but still there is no amount calculated against it.

Can anyone using this tax authority/tax type help?

Thanks,

Accepted Solutions (0)

Answers (2)

Answers (2)

former_member182083
Active Contributor
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Hello,

From the BSI Website, quick formula for Greenwood Village, CO is below, so if employee income is less than 250 there will be nil tax, if it is above 250 it will be 2$ for the whole year. This amount would have deducted in the initial period itself, So subsequent payroll period it will not be deducted. Kindly check it.

Employee Occupation Tax

TAX TABLE(S) SECTION  

If Adjusted Wages Are:

At Least

But Not Over

Computed Tax Is:

$ 0. $ 250. $ .00
250. And Over 2.00

Employer Occupation Tax

II TAX TABLE(S) SECTION

 

If Adjusted Wages Are:

 

At Least

 

But Not Over

 

Computed Tax Is:

 

$ 0.

 

$ 250.

 

$ .00

 

250.

 

And Over

 

2.00

With regards,

S.Karthik

former_member235056
Active Contributor
0 Kudos

Hi,

Please verify table T5UTX and BTXRATE for same tax types for respective tax authority. If you do not see anything there verify BSI quick formula for same from BSI Homepage weblink and verify calculation.

Also, check table Taxability model table T5UTE for CO02 and get tax model # followed by verify taht code in table T5UTM to see Tax combo and finally verify tax types under that combo and taxability indicator next to it to verify if it is Y or N or T.

Thanks,

Ameet