Kentucky State Tax Routine (KYTX)
The Kentucky (KYTX) State Tax Special Routine processing utilizes the following steps:
Line 1 |
Multiply the employee’s gross wages for the current payroll period by the number of payroll periods in a year to obtain their Annualized Gross Income (GI). |
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Line 2 |
Determine the Standard Deduction Allowance. (Minimum SDA in TAXP) |
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Line 3 |
Determine the Taxable Amount by subtracting Line 2 from Line 1. |
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Line 4 |
Determine the Marginal Tax Rates from the DEDX. |
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Line 5 |
Using the Marginal Tax Rates (DEDX) entries for the Kentucky State Tax Routine deduction, compute tax on the Taxable Amount. |
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Line 6 |
Divide the amount on Line 5 by the number of payroll periods in a year to determine the employee’s Kentucky Withholding Tax for the pay period. |
Data Setup Considerations
Sites need to ensure that they have implemented the following Business Process/Data Setup Changes at their site prior to Kentucky State Tax Routine.
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The Tax Parameters (TAXP) setup for Kentucky.
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Standard Deduction Amount is captured as a part of maximum Standard Deduction.