ACR 43850 – USPS System Change
May 31, 2013
Introduction
Uniform Statewide Payroll/Personnel System (USPS) ACR 43850 included the Additional Medicare Tax Withholding taxable and tax amounts in certain reports effective May 31, 2013.
Issue
The Internal Revenue Service has implemented the Additional Medicare Tax Withholding tax rate of .9 percent to taxable wages over $200,000 for the employee only.
Report 056 (Quarterly Composite Tax Report and Report 058 (Form 941 Worksheet) need to include the new withholding taxable and tax amounts.
Solution
Report 056 and Report 058 now include the Additional Medicare Tax Withholding taxable and tax amounts.