Create a rounding table
- Go toRounding, and then selectNew.
- Enter a name for the table, and selectAdd.
- SelectOK.
- Go toRounding, for each time period, select a rounding table; otherwise, selectDo not round.
- Select aCalculate Paymentfor each time period.
- Enter thePayment 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.
- Enter theLiability 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.
- SelectSave.