We have received these updates to the tax tables for immediate implementation.
These changes address the following:
Update OASDI Max Gross from $113,700.00 to $117,00.00. This Max Gross amount change goes into effect January 1, 2014.
Update the PPS California State Tax Table with the 2014 tax rate schedules.
Update the PPS Systems parameters Table with the 2014 rate changes for the qualified parking, commuter vehicle and transit pass.
As usual these updates will be applied during the freeze of the 2013 EDB, and are reflected on the Calendar Year End schedule for your campus.
You do not need to take any action for these to install.
Thanks!