Description |
Laurel Oil uses this, and they are preparing to go live on Payroll
They are in Mississippi
Round State Withholding
This field will only be accessible if the “SWT” option was selected in the “Tax Type” field. Current, Colorado and Oklahoma require rounding to the nearest whole dollar for income withholding tax when using the percentage method. It states to round to the nearest whole dollar by dropping any amount under 50 cents and increasing amounts from 50 to 99 cents to the next higher dollar. For example, $2.49 becomes $2.00 and $2.50 becomes $3.00.
[Survey on Rounding on State Tax Returns|https://old.taxadmin.org/fta/rate/rounding04.html] shows which states allow rounding to whole dollars.
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Technical Requirements:
* Add {color:#000000}ysnRoundT{color}{color:#000000}oDollar {color}field on Tax Types table.
* Display "Round to Dollar" field on Tax Type screen
* Modify paycheck calculation to support rounding to dollar.
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