For over 20 years, Symmetry has provided the tax calculation engine for millions of paychecks calculated every payday. For application developers, the Symmetry Tax Engine® (STE) is the logical solution for building and maintaining current withholding tax tables. Virtually every community in America has employees whose paycheck withholding calculations are computed by a Symmetry Tax Engine.
The Symmetry Tax Engine®(STE) calculates payroll withholding taxes for: Federal, FICA (Social Security and Medicare), state withholdings for all 50 states, Puerto Rico and US Territories, and various other payroll related withholdings. Symmetry Software supports customers with timely and accurate updates and supporting documentation.
Wrappers for C, .NET, ASP and JAVA environments are included in The Symmetry Tax Engine®. All calculations are check date based, applying the date appropriate rates and tables. Whenever there is an update to the STE, you are notified by email and you download the changes directly from the Symmetry website. License terms allow you to re-distribute the STE with your application; talk with your Symmetry representative for details.
The Symmetry Tax Engine® feature package includes:
- Employer taxes functionality: Calculates Employer Costs for FUTA, SUTA and other state employer taxes, as well as applying successor rules
- Multi-State/Reciprocity calculations- Calculates state withholding taxes applying the Resident State and Work State(s) settings and state reciprocity arrangements to the calculation.
- Local taxes capability with a Jurisdiction Locator: Computes local withholding amounts for City, County, School District Privilege Taxes and other Local Jurisdictions. Based on the employee zip code, the Locator suggests the applicable withholding taxes for the calculation.
The Symmetry Tax Engine® - Canadian Version
The Canadian version of the STE calculates federal, provincial territorial income taxes, the Canada Pension Plan (CPP), the Québec Pension Plan (QPP), the Québec Parental Insurance Plan (QPIP), as well as Employment Insurance (EI) premium deductions. Special calculations are also addressed such as commission, pension income, bonuses, lump sum payments, and non-periodic (cumulative) payments.
To learn more about licensing The Symmetry Tax Engine® and to obtain a
time-limited trial version of the STE, complete this inquiry form or contact
Symmetry Software at 480-596-1500.
