You will need to assign different Tax Packages
to employees, depending on their filing status. The Marital Status
field in each Employee account is only used for Federal taxes.
To assign tax packages and enter withholding
information for an employee in your Goldenseal company file, follow these steps:
- Choose
Employees from the
Accounts menu.
- Locate
the employee record.
- Click
the Payroll Setup
button.
- Enter
the employee's marital
status into the Marital
Status field. Choose
either Single or
Married.
- Enter
the appropriate tax
package into the
Tax Package field.
Base it on their
filing status from
Line 1 from Form
CT-W4 (status A,
B, C or D), see note
below.
- Enter
the number of federal
dependents into the
Federal Exemptions
field.
- Enter
the number of Connecticut
state dependents
into the State Exemptions
field.
- Click OK.
If any additional amount is to be withheld,
enter this amount into the State Withhold field in the
Employee Account. If there is a claimed amount to be subtracted
from annual withholding, as indicated on Line 3 from Form
CT-W4, enter this as a negative amount into the State Withhold
field.
NOTE: Connecticut state tax is calculated
using a triple table method. Filing statuses A through
C have exemptions and personal tax credits that are based
on annual wages. Filing status D receives no exemptions
or tax credits. Taxable income is determined by a standard
step table. |