Federal Withholding showing an incorrect amount - V10.4
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Sthompson5
- Posts: 3
- Joined: Tue Oct 15, 2013 7:42 pm
Federal Withholding showing an incorrect amount - V10.4
I'm in version 10.4 Powerchurch and my FIT withholding are showing an incorrect amount (Way more than it should). I have made sure that the tax tables for Single and Married match the IRS tax tables for 2013. The pay period is weekly. What can I do next?
Re: Federal Withholding showing an incorrect amount - V10.4
The pay period is weekly, but .. did you enter the data using the Annual tax tables?Sthompson5 wrote:I'm in version 10.4 Powerchurch and my FIT withholding are showing an incorrect amount (Way more than it should). I have made sure that the tax tables for Single and Married match the IRS tax tables for 2013. The pay period is weekly. What can I do next?
This knowledgebase article covers how to update tax tables for Version 10.4
https://www.powerchurch.com/support/kb.php?id=14&type=1
Neil Zampella
Using PC+ since 1999.
Using PC+ since 1999.
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Sthompson5
- Posts: 3
- Joined: Tue Oct 15, 2013 7:42 pm
Re: Federal Withholding showing an incorrect amount - V10.4
Data was entered annually
Re: Federal Withholding showing an incorrect amount - V10.4
Just needed to verify. Haven't used v10 in a while. Have you checked to make sure that all income items that should NOT be taxed, are not being taxed ??Sthompson5 wrote:Data was entered annually
Neil Zampella
Using PC+ since 1999.
Using PC+ since 1999.
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Sthompson5
- Posts: 3
- Joined: Tue Oct 15, 2013 7:42 pm
Re: Federal Withholding showing an incorrect amount - V10.4
Thanks you so much. We got it. We did not have the annual one entered on the tax tables. We reviewed again and it was the weekly one. Thank you so much. Our numbers are matching.
Re: Federal Withholding showing an incorrect amount - V10.4
I kinda figured that was it. That's one of the first things I ask about, as people don't realize that the system uses the Annual tax tables to figure out withholding.Sthompson5 wrote:Thanks you so much. We got it. We did not have the annual one entered on the tax tables. We reviewed again and it was the weekly one. Thank you so much. Our numbers are matching.
Neil Zampella
Using PC+ since 1999.
Using PC+ since 1999.