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U.S Wages Statement Tax Data Section Update - PeopleSoft HCM Update Image 51

Discover the latest updates in the U.S. Wages Statement Tax Data section with PeopleSoft HCM Image 51. Learn about the new features, benefits, and how they streamline tax data management for organizations. Stay updated on the improvements in PeopleSoft HCM for more efficient payroll processing.

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  • U.S Wages Statement Tax Data Section Update - PeopleSoft HCM Update Image 51
U.S Wages Statement Tax Data Section Update - PeopleSoft HCM Update Image 51
March 25, 2025

U.S Wages Statement Tax Data Section Update - PeopleSoft HCM Update Image 51

 

In PeopleSoft HCM Update Image 51, released on January 31, 2025, the U.S. Wage Statement Tax Data section has been enhanced to provide a comprehensive view of federal, state, and local tax details directly on wage statements.

 

Steps to U.S Wages Statement Tax Data Section Update

Here are the steps to U.S Wages Statement Tax Data Section Update

 

Step 1:

  • Navigation: Set Up HCM –> Product Related –> Payroll Interface –> Payroll Reports –> Federal/State Tax
  • Add the Run control ID for Federal.

 

U.S Wages Statement Tax Data Section Update - PeopleSoft HCM Update Image 51 - Fig.1 Federal state Tax

Fig 1: Federal State Tax

 

Step 2:

  • Select the Process list and save the process request.

 

U.S Wages Statement Tax Data Section Update - PeopleSoft HCM Update Image 51 - Fig.2 Process Scheduler Request

Fig 2: Process Scheduler Request

 

Step 3:

  • In Process Monitor the process get success run status

 

U.S Wages Statement Tax Data Section Update - PeopleSoft HCM Update Image 51 - Fig.3 Process Monitor

Fig 3: Process Monitor

 

Step 4:

  • By clicking details it went to process detail for view trace log

 

U.S Wages Statement Tax Data Section Update - PeopleSoft HCM Update Image 51 - Fig.4 Process Detail

Fig 4: Process Detail

 

  • By View log trace, we can view the Tax report of Federal

 

U.S Wages Statement Tax Data Section Update - PeopleSoft HCM Update Image 51-Fig.5 View Trace Log

Fig 5: View Trace Log

 

Step 5:

  • By clicking the PDF it appears the Tax report

 

U.S Wages Statement Tax Data Section Update - PeopleSoft HCM Update Image 51 - Fig.6 Tax Report

Fig 6: Tax Report

 

U.S Wages Statement Tax Data Section Update - PeopleSoft HCM Update Image 51 - Fig.7 Report list

Fig 7: Report list

 

Step 6:

  • Navigation: Menu > Payroll for North America >Payroll Processing USA > Update Paysheet > By paysheet Earning
  • In this add the OT Rate Code and shift to get the pay sheet with details of the company.

 

U.S Wages Statement Tax Data Section Update - PeopleSoft HCM Update Image 51 - Fig.8 By Paysheet

Fig 8: By Paysheet

 

Step 7:

  • Add the earning details of rates, hours, and reg salary.

 

U.S Wages Statement Tax Data Section Update - PeopleSoft HCM Update Image 51 - Fig.9 By Paysheet Earning

Fig 9: By Paysheet Earning

 

Step 8:

  • In the One-Time Deductions tab enter the plan type, deduction taken, Sales Tax and calculation routine, then save the page.

 

U.S Wages Statement Tax Data Section Update - PeopleSoft HCM Update Image 51 - Fig.10 One time reduction

Fig 10: One time reduction

 

Uses of U.S Wages Statement Tax Data Section Update

  • Improved Tax Transparency for Employees: Employees can see a detailed breakdown of federal, state, and local tax withholdings.
  • Enhanced Compliance & Accuracy: Ensures tax calculations align with IRS and state regulations.
  • Better Payroll Reporting & Auditing: Provides detailed tax data for financial audits and compliance checks.
  • Integration with Payroll & Tax Modules: Updates are reflected in PeopleSoft Payroll for North America automatically.

 

Bottom Line:

The U.S. Wages Statement Tax Data Section Update in PeopleSoft HCM Image 51 enhances tax transparency and compliance for both employees and payroll administrators. With this update, employees can easily view detailed federal, state, and local tax withholdings, while organizations benefit from improved accuracy in tax calculations. The integration with payroll and tax modules ensures that updates reflect automatically, streamlining payroll reporting and auditing processes. This update not only simplifies tax management but also strengthens compliance with IRS and state regulations.

 

Streamline Tax Data Management with PeopleSoft HCM Update Image 51

 

Best Oracle PeopleSoft Services

 

The U.S. Wages Statement Tax Data section in PeopleSoft HCM Image 51 offers enhanced transparency and compliance, providing employees with a detailed breakdown of federal, state, and local tax withholdings. It ensures accurate tax calculations, aligns with IRS and state regulations, and integrates seamlessly with payroll modules for better reporting and auditing.

Stay ahead of tax compliance and payroll accuracy with the latest PeopleSoft HCM updates! Leverage the power of PeopleSoft’s new features to simplify tax data management. Kovaion offers the best Oracle PeopleSoft services, ensuring that your organization benefits from seamless implementations, updates, and expert support. Contact us today to enhance your PeopleSoft experience!

 

Author: Aswini S, Oracle PeopleSoft – Junior Associate

Oracle PeopleSoft Services

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