payroll tax setup
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payroll tax setup
i am trying to set up the tax information for payroll. when i go to maintain employee pay items, the federal withholding amounts are not correct. how can i fix this? it seems to me that i need to enter the number of withholding allowances claimed in order to get this to come out right, but i dont see a place to do this.
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Witholding allowances are entered in the exempt/year field when you're setting up the tax item in Maintain Employee Pay Items. Page 296 of the v9 manual explains how this works. Basically, you multiply the number of exemptions claimed on the W4 by the standard annual deduction (currently $3200) and put that in the field.