Config Option - DefaultFederalEmployerTaxPercentage

Overview

Updated 11/16/2021

 

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.

 

 

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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