Compusource Corporation is a Leader in Contracting, Metal Service Management and Moving and Storage software development, with particular attention to Customer Service.

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Welcome! Today is
Saturday , July 5th, 2008

Compusource Corporation is a Leader in Contracting, Metal Service Management and Moving and Storage software development, with particular attention to Customer Service.
Year 2000 Federal Tax Changes - Single Screen

2008 Federal Tax Changes
EIC Table

If you are just setting up Federal EIC for the first time then you need to go into the State/Federal Tax Tables and change the 'US' table to have the appropriate GL account for the system to post the EIC amount to.

Then run PR930 (File Maintenance, Earned Income Credit Table) to set up the EIC tables. (CONTRAC2 does not have this program on a payroll menu--you'll have to do the "O" option, and run PR930 from there.)

 

In the Employee Master file you enter an "S" if the employee uses the Single Table in PR930, or a "B" if the employee uses the Both Employee and Spouse Table.

Reference:
”Notice 1036”, Department of the Treasury, Internal Revenue Service, Rev December 2007.
 
[Contents] [Overview] [Taxdata] [Custom] [Married] [Head of Household]
 
Copyright © 2008, Compusource Corporation
Last Updated:  06/05/08 
Compusource Corporation is a Leader in Contracting, Metal Service Management and Moving and Storage software development, with particular attention to Customer Service.