Company Information System

Payroll
           
Payroll Information - The Payroll information tab is used to set default payroll and withholding information.
  
Default Minimum Wage - The Default Minimum Wage field is used to set the default minimum payroll wage parameter for hourly employees.  
Default Federal WH Amount Per Exemption - The Default Federal WH Amount Per Exemption is used set the default Federal Withholding amount foe employees to use when running Payroll Processing module. 
Default State WH Amount Per Exemption - The Default State WH Amount Per Exemption is used set the default Federal Withholding amount foe employees to use when running Payroll Processing module. 
Default Federal Withholding Percent - The default Federal Withholding Percent is used to display or change the company's default federal withholding percentage of gross pay.  
Default State Withholding Percent - The default State Withholding Percent is used to display or change the company's default federal withholding percentage of gross pay.  
Default Soc Sec Withholding - The Default Social Security Withholding amount field is used to display or change the default fixed Social Security withholding amount. 
Default Medicare Withholding Amount - The Default Medicare Withholding amount field is used to display or change the default fixed Medicare withholding amount.
Compute FIT from IRS (US Only) Tax Table - The Compute FIT From IRS Tax Table check box is used to determine if taxes are calculated based on US tax Tables or base of Percentage Amounts.