Last updated for v.24.5
This guide demonstrates how users can reconcile the hypothetical taxes displayed on the Compensation Calculation Detail report to the Assignment Compensation Calculation report. The guide is intended to help users answers questions such as:
"Where does the hypothetical tax value come from?"
"What income has been subject to hypothetical tax?"
Overview of calculation approach
The Tax Engine calculates hypothetical taxes on gross income to determine the employee's annual net pay. All tax calculations are performed on an annual basis.
Click for the Guide