Federal and State Tax tables not matching
Posted: Mon Sep 12, 2016 8:12 pm
ALCON,
After entering the federal and NM tax tables and entering the payroll data correctly (checked 3 times), I checked the paycheck withholdings for semi-monthly for the two employees that it pertained to vs the tables in the tax publications. The federal withholding was over by $1. The NM withholding was under by 20 and 40 cents for the employees. Is there a bug in the system. I know it doesn't amount to much, but since I convinced my church of the benefits of this software vs our old system using excel for payroll and one of the employees is a spouse of the person who set up the old tables (and they match the tax pubs); I do not want to have egg on my face.
Thanks in advance.
v/r,
Ryan Pochop
After entering the federal and NM tax tables and entering the payroll data correctly (checked 3 times), I checked the paycheck withholdings for semi-monthly for the two employees that it pertained to vs the tables in the tax publications. The federal withholding was over by $1. The NM withholding was under by 20 and 40 cents for the employees. Is there a bug in the system. I know it doesn't amount to much, but since I convinced my church of the benefits of this software vs our old system using excel for payroll and one of the employees is a spouse of the person who set up the old tables (and they match the tax pubs); I do not want to have egg on my face.
Thanks in advance.
v/r,
Ryan Pochop