Federal Retirement & Unemployment Insurance screen

Use the Federal Retirement & Unemployment Insurance screen to maintain rates and limits for federal retirement and unemployment insurance. You can also associate general ledger accounts for withholding and accruing federal retirement and unemployment insurance.

To open the Federal Retirement & Unemployment Insurance screen, click Employees > Setup > Taxes & Insurance > Federal Retirement & Unemployment Insurance in the All Tasks pane.

The federal retirement and unemployment insurance rates that can be set are determined by the country. If the country is the United States, these are rates and limits for FICA (Social Security and Medicare) and FUTA (Federal Unemployment Tax). If the country is Canada, these are rates and limits for CPP (Canada Pension Plan) and EI (Employment Insurance).

All federal retirement and unemployment insurance rates and limits are available throughout ProContractor. They are not tied to any single company.

Note: The Federal Retirement & Unemployment Insurance screen is a step in the employee setup process. The Withholding Status screen is the next step.