Adjustment Percentage
This field is used as a multiplier against additional adjustments, a component used to determine taxable wages.
Taxable Wages = Gross Wages - A - B - C
- A = Fed Withholding Tax * Fed Withholding Adjustment %
- B = (Exemptions * Withholding Allowance Amt) - Exemption Amt
- C = Adjustment % * the larger of the two: 0, or Gross Wages - (Exemptions * Adj Withholding Allowance Amt) - Std Adj Deduction