Social Securiy and Medicare deductions

Fund Accounting, Accounts Payable, Accounts Receivable, Payroll

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GCCFDL
Posts: 9
Joined: Thu Oct 06, 2005 10:28 am
Location: FOND DU LAC, WI

Social Securiy and Medicare deductions

Post by GCCFDL »

Bonuses were not handled correctly and Social Security and Medicare was not taken out of the bonuses from the previous 2 years. How do I set up deductions from the payroll checks over the next few months so that all employees involved have the correct amount taken out for Social Security and Medicare along with the employer contributions? An accountant said it should be like handling child support since it would be taken out after taxes, the thing is I haven't had to deal with child support or anything like this so I am unsure of how to have these withdrawls taken out of the payroll checks. Thank you.

Zorak
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Post by Zorak »

You can add a new Payroll item in the Maintain Item Descriptions screen used to take out additional Social Security and Medicare. Either that, or change the tax table to "None" on each of these existing deductions and employer liability items in the Maintain Employee Pay Items screen, and enter a manual amount to be taken out.

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