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<blockquote data-quote="Kae3106" data-source="post: 706572" data-attributes="member: 27557"><p>Green checks are only taxed at the higher tax rate if your supervisor puts in the request as a payoff (sellback). If they put in the request properly, payroll will pay it as a regular vacation at your normal withholding rate. There are quite a few operators in the districts who still do not understand this distinction when they put in a request for a vacation that was scheduled late or didn't get put into the calendar properly. </p><p>There is one button for entering payoffs (supplemental tax 25% federal, state varies) and one button for "Vacation Not in Scheduler" (your normal withholding rates). Payroll taxes it according to the request from the center. We see quite a few submitted as payoffs with the comment "Bob will be on vacation w/e 4/3/10" and we have to tax them as payoffs because that's how the center entered the request. However, if this happens, it CAN be corrected after the fact. The center must put in a new request explaining that they entered a payoff request that should have been entered as a regular vacation. Payroll will issue a refund of the difference in taxes and the center will be charged with a payroll error.</p></blockquote><p></p>
[QUOTE="Kae3106, post: 706572, member: 27557"] Green checks are only taxed at the higher tax rate if your supervisor puts in the request as a payoff (sellback). If they put in the request properly, payroll will pay it as a regular vacation at your normal withholding rate. There are quite a few operators in the districts who still do not understand this distinction when they put in a request for a vacation that was scheduled late or didn't get put into the calendar properly. There is one button for entering payoffs (supplemental tax 25% federal, state varies) and one button for "Vacation Not in Scheduler" (your normal withholding rates). Payroll taxes it according to the request from the center. We see quite a few submitted as payoffs with the comment "Bob will be on vacation w/e 4/3/10" and we have to tax them as payoffs because that's how the center entered the request. However, if this happens, it CAN be corrected after the fact. The center must put in a new request explaining that they entered a payoff request that should have been entered as a regular vacation. Payroll will issue a refund of the difference in taxes and the center will be charged with a payroll error. [/QUOTE]
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