Video Document - videos: juno: add tax credits1109201419

Problem Description

Additional Tax Credits:

RRSP

Family Maintenance

Alimony

These are considered tax credits as they are not payroll deductions but something an employee is required to pay thereby they can receive a tax credit to lower income tax withheld.

Solution

Additional Tax credits are set against the employee file and represent the annual amount of the tax credit. This amount reduces the annual taxable income of the employee, or the income before income tax rates are calculated.

The tutorial demonstrates the setting of additional tax credits and the effects on Pay Run calcuations

Video source: videos:juno:add_tax_credits1109201419.flv

Created by Charlene Scott at 9/20/2011 2:19:36 PM