PYTX - ssyyLI01

Low Income Table
This system calculates federal, state, territory, and city taxes on an annual basis. The following are examples of the federal tables.
Code Category: PYTX
Code Value: ssyyLI01 Eight characters of the general form, ssyyLI01, where ss = two-character state code or "FE" for federal, yy = last two digits of the calendar year number.
Short Description: Used to describe the common code.
Medium Description: Used to describe the common code.
Long Description: Used to describe the common code.
Associated Numeric Values
1: Income amount below from which no tax is deducted for SINGLE persons.
2: Income amount below from which no tax is deducted for MARRIED persons with less than 2 exemptions claimed in The Special Codes (2) field of the Deduction Assignment.
3: Income amount below from which no tax is deducted for MARRIED persons with more than 1 exemption claimed in The Special Codes (2) field of the Deduction Assignment.
4: Income amount below which no tax is deducted for HEAD OF HOUSEHOLD persons.
5: Reserved for future use.
Associated Codes
1-5: Reserved for future use.
Associated Descriptions
1: Enter the descriptions that correspond to the Numeric Values.
2-5: Reserved for future use.