Summary
Description
After installing the 2nd January 2024 Tax Update the additional withholding amount for state income tax for the state of Georgia (GA) does not calculate correctly. The calculation is approximately 5.49% (0.0549) of the amount entered in the additional withholding field.
This only affects employees who have an additional withholding amount in GA SIT.
Resolution
NOTE: This will be resolved in the July 2024 tax update.
This issue only affects employees who have an additional withholding amount for GA SIT. It will be resolved in a future update. Until that time the additional withholding amount can be manually added to the calculated state income tax deduction on the payroll check or the Sage-Maintained GASIT formula can be modified as follows:
G = 12000;
X = - PRORATE (ANNUAL (ADJUSTED_GROSS) - G -
(EMP_SPECIAL2_ALLOWANCES* 3000)) *5.49%;
ANSWER = IF (ADJUSTED_GROSS < 1, 0, X - ABS(EMP_STATE_NUMBER))
NOTE: There are multiple filing status/formulas for GASIT. Each formula will need to be corrected to ensure all filing statuses are using the updated formula. A permanent fix to the formula will come in a later update.