Updated · Originally published
Attention Microsoft Dynamics SL users! It was recently announced the Microsoft Dynamics SL Fed9 - Additional Medicare Taxes for Earnings over Government Specified Limits calculates incorrectly.
If you faced this issue, visit or follow the 7-step process below to correct it.
To change the Dynamics SL Fed9 setup, follow these steps:
1. Open Deduction Maintenance (02.290.00).
2. In Deduction ID, type Fed9.
3. Change the Min Ytd. subject base and Max Ytd. subject base both to 0.00
4. On the Exemptions/Credits tab on an empty line, Press F4 to switch to form view.
5. Set up a new exemption.
Marital Status= All Statuses
Type Exemption= Exemption
Exemption/Credit ID = Fed6
Description= Fed6 subjwages
Base Type = Deduction Amount
Base Deduction ID = Fed6
Calculation Method= Fixed Percent
Fixed Pct/Rate/Amt= 6896.5517
Annual Minimum=0
Annual Maximum = 200000
Maximum calculation = As Calculated
Reduce reported wages box is selected
6. Click Save.
7. Set up any pretax exemptions for Fed9 the same as you have set up for fed 6 such as for 401k or insurance.
Note: Fixed % of 6896.5517 is calculated as 1/0.0145 = 68.96551724 converted to a % = 6896.5517 to back into the Fed6 sub wages.
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By: & Microsoft Master VAR