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Sage 100 Tax Table Update 2016 Q1

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Description of what's new in the latest Sage 100 tax table update for 2016. Includes changes to state and federal tax codes and the latest rate updates.

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Sage 100 Tax Table Update 2016 Q1

  1. 1. Payroll Tax Table Update Product Group: Sage 100 Standard ERP Sage 100 Advanced ERP Product Affected: Payroll Tax Table Update Levels 2013, 2014, 2015 and 2016 Number: PR3041-A -KBA Date: December 21, 2015 Subject: 2016 Payroll Tax Tables Update, dated 12/21/15, Version 2016 (5.30) Resolution: The following is a list of changes contained on the 2016Q1 Tax Table Update delivery as of 12/21/15. Code State Description Items Changed Amount FED Federal Withholding tax tables FED Federal Dependent exemption increase 4,050 AK Alaska UI wage base increase 39,700 AK Alaska Employee UI tax rate decrease 0.50% CA California Withholding tax tables CA California Standard deduction increase Head of Household/Married 2 or more 8,088 Married 1 or less//Single/Married Dual Income 4,044 CA California Personal exemption increase 119.90 CA California Low income exemption increase Head of Household/Married 2 or more 26,838 Married 1 or less/Single/Married Dual Income 13,419 CA California SDI taxable wage base increase 106,742 CO Colorado UI wage base increase 12,200 CT Connecticut Personal Exemptions table A and Personal Tax Credits table E increase for Code F HI Hawaii Temporary disability insurance wage base increase Annual 51,082.72 Week 982.36 HI Hawaii UI wage base increase 42,200 IA Iowa UI wage base increase 28,300 ID Idaho UI wage base increase 37,200 IL Illinois Personal exemption increase 2,175 KS Kansas UI wage base increase 14,000 KY Kentucky Standard deduction increase 2,460 KY Kentucky UI wage base increase 10,200 ME Maine Withholding tax tables ME Maine Dependent exemption increase 4,050 Note: Filing Statuses NRM (Nonresident Married & NRS (Nonresident Single) have been removed. Per the state of Maine, the adjustments for nonresident aliens has been replaced with a calculation for the phase out of the standard deduction. You will need to assign a new filing status for filing statuses NRM & NRS. MN Minnesota Withholding tax tables MN Minnesota Dependent exemption increase 4,050 MN Minnesota UI wage base increase 31,000 MT Montana UI wage base increase 30,500 NC North Carolina UI wage base increase 22,300 ND North Dakota UI wage base increase 37,200 NJ New Jersey UI wage base increase 32,600 NJ New Jersey Temporary Disability Insurance (TDI) wage increase 32,600 NJ New Jersey TDI rate decrease .002000 NJ New Jersey Family Leave Insurance (FLI) wage base increase 32,600 NJ New Jersey FLI rate decrease .000800 Page 1 of 2PR-3041-A-KBA 12/15/2015mhtml:file://C:tempPR-3041-A-KBA.mht
  2. 2. NM New Mexico Withholding tax tables NM New Mexico Dependent exemption increase 4,050 NM New Mexico UI wage base increase 24,100 NV Nevada UI wage base increase 28,200 NY New York Withholding tax tables NY New York Standard deduction increase Married 7,900 Single 7,400 NY New York UI wage base increase 10,700 OK Oklahoma Withholding tax tables OK Oklahoma UI wage base decrease 17,500 OR Oregon UI wage base increase 36,900 PA Pennsylvania UI wage base increase 9,500 RI Rhode Island Temporary Disability Insurance (TDI) wage base increase 66,300 RI Rhode Island UI wage base increase 22,000 Note: Employers who represent the greatest user of the unemployment benefits the UI taxable wage base for 2016 will be 23,500. For those employers you will need to change the Unemployment Tax Limit in Tax Table Maintenance to 23,500. UT Utah UI wage base increase 32,200 VT Vermont UI wage base increase 16,800 WA Washington UI wage base increase 44,000 WY Wyoming UI wage base increase 25,500 Page 2 of 2PR-3041-A-KBA 12/15/2015mhtml:file://C:tempPR-3041-A-KBA.mht

Description of what's new in the latest Sage 100 tax table update for 2016. Includes changes to state and federal tax codes and the latest rate updates.

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