Payroll Point takes the hard work out of tax determination! Enter an employee's work and home address and Payroll Point will return the complete list of applicable taxes for the withholding scenario.
Payroll Point returns both employer and employee taxes that are required for the withholding scenario as well as additional taxes that exist within either location. Each tax is represented by a Symmetry unique tax identifier (ID), which is an alphanumeric unique ID that follows a standard format. Current Symmetry clients can learn more about Symmetry's unique tax IDs within Symmetry's Client Support Center. These unique IDs are returned within Batch and the API.
- Returns all employer taxes that the employer is required to remit. Employer taxes do not affect employee's net pay.
- Returns all employee taxes that the employer is required to withhold.
Payroll Point returns all state and local taxes for each taxing scenario supplied. Below are the tax types returned that account for over 35,000 boundary shapefiles within Payroll Point!
|Employer State Unemployment Tax (SUTA)
|Occupational License Tax for Schools
|Employer State Disability Insurance
|School District Tax
|Community Safety Payroll Tax
|State Unemployment Tax Surcharge
|Employee State Disability Insurance
|Development Assessment Fee
|Employer Transit Tax
|State Income Tax
|Earned Income Tax
|Employer Workers' Compensation
|Supportive Services Tax
|Employer Community Safety Payroll Tax
|Employee Family Leave Insurance
|Employee State Unemployment Insurance
|Employer Compensation Expense Tax
|Joint Economic Development District/Joint Economic Development Zone (JEDD/JEDZ)
|Tax Increment Financing
|Employer Head Tax
|Local Services Tax
|Employee Oregon Transit Tax
|Massachusetts Employer Medical Assistance Contributions
|Long Term Insurance Tax
|Employee Workers' Compensation
|Employer Family Leave Insurance
|Mental Health Tax
|Employer Percentage of Payroll Taxes
|Occupational License Fee (City and County)
Payroll Point defines payroll tax rates using four different data types:
- Flat dollar amount: rate is returned as a dollar amount (for example, 0.5 is $0.50)
- Percent: rate returned is a percentage (for example, 0.05 = 5%)
- Experience: rate assigned to the employer by the jurisdiction based on a variety of inputs
- Graduated table: rate provided by jurisdiction's graduated table. Also known as a "progressive" tax rate.
Payroll Point returns all applicable taxes for each taxing scenario and defines each rate returned within the application.
Graduated and Experience rates
Please note that while Payroll Point returns the flat dollar and rate percentages themselves, clients will need to determine the experience rate and graduated rate applicable for the specific taxing scenario.
Updated 8 months ago