FICA W/H
Posted: Mon Apr 22, 2013 1:25 pm
I'm new to this system, but on the Employee Pay Items report shouldn't the FICA Liability be the same as the FICA W/H from the Employee? Thanks for any info!
Yes, this year it went BACK to 6.2% from the previous 4.2% for Employee and 6.2% for employer in 2012.Ada676 wrote:I'm new to this system, but on the Employee Pay Items report shouldn't the FICA Liability be the same as the FICA W/H from the Employee? Thanks for any info!
That means if you're using separate SS Tax Tables for each, you can go back to one using 6.2%.
For more info: http://www.irs.gov/file_source/pub/irs-pdf/p15.pdf