If the IRS has placed restrictions on an tax withholding status, information will display employee’s in what fields? Answer: Lock-In Details Letter Received and Limit On Allowances – If an employee is a resident of North Dakota, Minnesota state income taxes do not have to be withheld on wages earned in Minnesota if the employee does what annually? Answer: Completes and submits a MWR form by the announced deadline. Victoria Vance does not want to change her federal withholding record but wants to change her Minnesota state record to single with 3 allowances, effective one month from today. She has given you a W-4MN form for Minnesota to initiate this change. Because she is claiming fewer Minnesota withholding allowances than federal allowances, as well as additional Minnesota withholding deducted each pay period, the MN Department of Revenue requires Form W-4MN. Victoria would like to continue to have the additional percentage of state withholding taken when receiving taxable earnings. Select Payroll > Tax Data > Update Employee Tax Data. Update Employee Tax Data search page displays In the Name field, enter Vance,V and click the Search button. Search results display From Search Results, select the Name that begins with your two-digit Federal Tax Data page code. displays Click the Add a row button. A new row is added with date as the effective today’s date 5. In the Effective Date field enter the date when the record should be Date one month from today effective. 6. In the Source Documents field, click the drop-down arrow and select W-4 for MN the documentation provided by the employee. 7. Since there are no other changes needed on the State Tax Data page Federal Tax Data page, click the State Tax Data page tab. displays 8. In the field, enter, or click the Look up button S Marital Tax Status and select, the state withholding tax marital status. employee’s 9. In the Withholding Allowances field, enter the number of allowances 3 the employee claims. 10. In the Additional Percentage field, retain the 5.500 as an additional 5.500 percentage.
If the IRS has placed restrictions on an employee’s tax withholding status, information will display in what fields? Answer: Lock-In Details – Letter Received and Limit On Allowances If an employee is a resident of North Dakota, Minnesota state income taxes do not have to be withheld on wages earned in Minnesota if the employee does what annually? Answer: Completes and submits a MWR form by the announced deadline. Victoria Vance does not want to change her federal withholding record but wants to change her Minnesota state record to single with 3 allowances, effective one month from today. She has given you a W-4MN form for Minnesota to initiate this change. Because she is claiming fewer Minnesota withholding allowances than federal allowances, as well as additional Minnesota withholding deducted each pay period, the MN Department of Revenue requires Form W-4MN. Victoria would like to continue to have the additional percentage of state withholding taken when receiving taxable earnings. Select Payroll > Tax Data > Update Employee Tax Data. Update Employee Tax Data search page displays In the Name field, enter Vance,V and click the Search button. Search results display From Search Results, select the Name that begins with your two-digit code. Federal Tax Data page displays Click the Add a row button. A new row is added with today’s date as the effective date 5. In the Effective Date field enter the date when the record should be effective. Date one month from today 6. In the Source Documents field, click the drop-down arrow and select the documentation provided by the employee. W-4 for MN 7. Since there are no other changes needed on the Federal Tax Data page, click the State Tax Data page tab. State Tax Data page displays 8. In the Marital Tax Status field, enter, or click the Look up button and select, the employee’s state withholding tax marital status. S 9. In the Withholding Allowances field, enter the number of allowances the employee claims. 3 10. In the Additional Percentage field, retain the 5.500 as an additional percentage. 5.500
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