PYTX - ssyyTC01

Tax Credit 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: ssyyTC01 Eight characters of the general form, ssyyTC01, 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: The amount to be multiplied by the number of exemptions claimed in the first two characters of the Special Codes (2) field when the deduction is assigned to an employee.
2-5: Reserved for future use.
Associated Codes
1-5: Reserved for future use.
Associated Descriptions
1-5: Description of the entry.