SAP ABAP Data Element RTP_US_WH_AMOUNT (Federal withholding amount for IRA distribution payment)
Hierarchy
☛
EA-FINSERV (Software Component) SAP Enterprise Extension Financial Services
⤷ IS-B-BCA (Application Component) Bank Customer Accounts
⤷ BCA_US (Package) BCA modification for US specific requirements
⤷ IS-B-BCA (Application Component) Bank Customer Accounts
⤷ BCA_US (Package) BCA modification for US specific requirements
Basic Data
Data Element | RTP_US_WH_AMOUNT |
Short Description | Federal withholding amount for IRA distribution payment |
Data Type
Category of Dictionary Type | D | Domain |
Type of Object Referenced | No Information | |
Domain / Name of Reference Type | RTP_US_AMOUNT | |
Data Type | CURR | Currency field, stored as DEC |
Length | 17 | |
Decimal Places | 2 | |
Output Length | 22 | |
Value Table |
Further Characteristics
Search Help: Name | ||
Search Help: Parameters | ||
Parameter ID | ||
Default Component name | ||
Change document | ||
No Input History | ||
Basic direction is set to LTR | ||
No BIDI Filtering |
Field Label
Length | Field Label | |
Short | 10 | WH Amount |
Medium | 20 | Federal Withholding |
Long | 30 | Federal withholding amount |
Heading | 40 | Federal withholding amount |
Documentation
Definition
A distribution from a retirement plan has tax consequences and the custodian/trustee may be required to withhold a percentage of the distribution payment for federal income tax purposes. The accountholder may elect to withhold a different percentage and/or an additional amount, or not to withold at all.
The total federal withholding amount is calculated as follows:
(Distribution Amount * Federal Withholding Percentage) + Federal Withholding Amount
History
Last changed by/on | SAP | 20020404 |
SAP Release Created in | 110 |