Caution! Do not include the standard deduction amount with the exemption amount. Sage 100 Contractor automatically adds the standard deduction amount for you.
While most states use a fixed amount for exemptions, Mississippi allows variable amounts for exemptions. To claim a variable exemption, Mississippi residents can complete Form 62-420 Employee’s Withholding Exemption Certificate. An employee with a working spouse can check line 2B of Form 62-420 and claim an exemption not to exceed $12,000 between the employee AND spouse. On line 2B, an employee enters the amount he or she wants to claim by increments of $500.
Sage 100 Contractor cannot automatically enter a fixed exemption amount based on marital status for Mississippi because the employee and spouse determine the amount.
| 1 | Open 5-2-1 Employees. |
| 2 | Using the data control, select the employee. |
| 3 | Click the Calculations tab. |
| 4 | In the Rate cell of the Mississippi Income Tax row, enter the exemption amount claimed on line 6 of Form 62-420. |
| 5 | On the menu bar, click File, then click Save. |
For additional online resources for Sage 100 Contractor products, visit the Sage Customer Portal. Use the portal to access the knowledgebase, chat online with customer support, or enter a customer support ticket.
For additional training on Sage products, visit Sage University.