Social Securiy and Medicare deductions
Posted: Wed Jul 16, 2008 2:40 pm
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.