Create a rounding table

  1. Go to
    Rounding
    , and then select
    New
    .
  2. Enter a name for the table, and select
    Add
    .
  3. Select
    OK
    .
  4. Go to
    Rounding
    , for each time period, select a rounding table; otherwise, select
    Do not round
    .
  5. Select a
    Calculate Payment
    for each time period.
  6. Enter the
    Payment Cushion %
    for each time period if you want a payment cushion calculated based on the percentage entered and applied to the Federal Review row, Installment Payment Due (Overpaid). The result carries to the Cushion row. If you manually enter a Payment Cushion amount in data entry it overrides this calculation.
  7. Enter the
    Liability Cushion %
    (for the year) for each time period if you want a liability cushion calculated based on this percentage and applied to Federal Review row, Estimated Federal Tax Liability (for the year). The result carries to the Liability Cushion (for the year) row. If you manually enter a Cushion for Federal Tax Liability amount in data entry, it overrides this calculation.
  8. Select
    Save
    .