Config Option - DefaultFederalEmployerTaxPercentage

Overview

The DefaultFederalEmployerTaxPercentage property defines the default Federal Employer Tax Percentage (FUTA + MED + FICA) in percentage format. For example, if the values add up to 12.85%, simply enter 12.85. This value is used by the stored procedure gp_GetFederalERTaxes to determine the Federal Employer Tax of the supplier.

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DefaultFederalEmployerTaxPercentage properties

Admin Tools location:	Config Option > Site > Branch Setting
Default:	8.45
Valid values:	Tax percentage
Where the setting is reflected...	Gross Profit (GP) Calculator and tax calculations

 

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