Payroll
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Payroll
When I print out the 941 Tax Deposit report for the month, my Medicare w/holding is never doubled. Of course this makes SS incorrect as well. There must be something wrong with how I have set up the Tax Tables. I have one chart for Employer's SS & Medicare. Do I need to have 2 separate ones?
Re: Payroll
Well, since the Employee & Employer SS & Medicare rates are one and the same this year, you really only need one Social Security Tax Table with the proper rate and salary cap information, and one Medicare Tax Table with the proper rate.VRucker wrote:When I print out the 941 Tax Deposit report for the month, my Medicare w/holding is never doubled. Of course this makes SS incorrect as well. There must be something wrong with how I have set up the Tax Tables. I have one chart for Employer's SS & Medicare. Do I need to have 2 separate ones?
Then you need Four Payroll Pay Items assigned to each employee:
- Employee Social Security which is a Tax Deduction item
Employee Medicare - again, a tax deduction item
Employer Social Security which is an Employer Liability Item
Employer Medicare -- again an Employer Liability
From the sound of it, you do not have the Employer Medicare Payroll Item setup and/or assigned.
This video may also help you with understanding the Tax Tables:
https://www.powerchurch.com/support/375 ... in-payroll
Neil Zampella
Using PC+ since 1999.
Using PC+ since 1999.
Re: Payroll
Thank you. That was exactly what I needed!