Federal Taxes List Report

To access this report, go to Reports>Payroll>List Reports>Federal Taxes List

Use this report to obtain a list of the federal tax information entered using Payroll Federal Taxes.

You can choose to use the report as-is by clicking or , or make edits to the report by clicking .

Tip: If you're not familiar with the MIP Cloud Report Builder interface, see Report Builder for an introduction.

If you choose to make edits to the report, the Report Builder page will display. From this page, use the Setup tab to choose the columns you'd like to appear on the report. You can rename the columns under Column Heading.

Current Transaction dates are required to specify the date range for data included in the report. Enter these dates on the Setup tab.

 

The following fields are available to include in the report:

Tax Type	The federal tax type code. A list of available codes are as follows: FIT (Federal Income Tax) SS (Social Security Tax) MC (Medicare) FUTA (Federal Unemployment Tax)
Tax Type Title	The name of the Tax Type, such as, Federal Income Tax, Social Security Tax, Medicare, Federal Unemployment Tax.
Expense GL Code	The General Ledger expense account number for the federal taxes.
Liability GL Code	The General Ledger liability account number for the federal taxes.
Employee Social Security Tax Override Official Values	A designation of Yes or No, depending on whether "Override Official Values” was selected for the Social Security Tax in the Employee FICA Taxes section.
Employee Social Security Tax Maximum Annual Subject Wages	The amount entered as the employee’s maximum annual subject wages for the Social Security tax in the Employee FICA Taxes section.
Employee Social Security Tax Percent of Wages	The percentage entered as the employee’s maximum annual subject wages for the Social Security tax in the Employee FICA Taxes section.
Employee Social Security Tax Calculation Method	The selected employee’s calculation method for the Social Security tax, such as, Year to Date or Current in the Employee FICA Taxes section.
Employee Medicare Tax Percent of Wages	The percentage entered as the employee’s maximum annual subject wages for the Medicare tax in the Employee FICA Taxes section.
Employee Medicare Tax Percent over $200,000	The percentage calculated when an employee’s wages subject to Medicare exceed $200,000.00 for the calendar year.
Employer Social Security Tax Override Official Values	A designation of Yes or No, depending on whether "Override Official Values” was selected for the Social Security Tax in the Employer FICA Taxes section.
Employer Social Security Tax Maximum Annual Subject Wages	The amount entered as the employer paid maximum annual subject wages for the Social Security tax in the Employer FICA Taxes section.
Employer Social Security Tax Percent of Wages	The percentage entered as the employer paid maximum annual subject wages for the Social Security tax in the Employer FICA Taxes section.
Employer Social Security Tax Calculation Method	The selected employer paid calculation method for the Social Security tax, such as, Year to Date or Current in the Employer FICA Taxes section.
Employer Medicare Tax Percent of Wages	The percentage entered as the employer paid maximum annual subject wages for the Medicare tax in the Employer FICA Taxes section.
FUTA Tax Override Official Values	A designation of Yes or No, depending on whether "Override Official Values” was selected for the employer paid federal unemployment taxes on the FUTA Taxes tab.
FUTA Tax Maximum Annual Subject Wages	The amount entered as the employer paid maximum annual subject wages for the Federal Unemployment tax.
FUTA Tax Percent of Wages	The percentage entered as the employer paid maximum annual subject wages for the Federal Unemployment tax.
Distribution Method	The distribution method of employer paid federal unemployment taxes. The system displays one of the following methods: AE (Follow Earnings on Timesheet) CE (Follow Earnings Used to Calculate the Tax) DC (Use Distribution Code)
Distribution Method Description	The description of the distribution method.
Distribution Code	The distribution code entered, if "DC" was selected as Distribution Method.
Distribution Code Description	The description of the distribution code.

 

Use the Filter tab to narrow down and define the data using the available filters.

Use the Options tab to Summarize Amounts on the report, to implement security features, and more.

• Select "Summarize Amounts" to add amounts together and display one line item with the total amount. All document information must be identical for the system to add items together

• You can secure the report so that other users cannot save their changes to it. This option can only be undone by the user that locked the report.

• Select the "Year End Adjustments" option to include year end adjustments on the report. This entry type was designated during transaction entry.

• Select the "Replace total debits and credits with Balance" option to show the net amount for each segment where totals have been requested. Otherwise, the report displays the total debits and total credits for each segment.

• Select "Suppress Lines with All Zeros" so that documents with zero amounts do not print. This eliminates records having zero in all amount columns. If it is not selected, every line prints, even if it has a zero value.

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