depewmilk
07-20-2009, 08:31 PM
We have been using Paywindow since mid April. When completing our quarter end reports last week our CPA noted that the program seems to calculating the FICA & medicare taxes incorrectly. He says they should be pretty straightforward at 6.20% & 1.45% respectively. But here are a few examples of the results...
***** PayWindow ***** **** Our Calculations ****
Gross Gross
Earnings Fica Medicare Earnings Fica Medicare
1,700.00 105.33 24.63 1,700.00 105.40 24.65
1,180.00 73.09 17.09 1,180.00 73.16 17.11
It seems all employee figures come up a little short, and not all be the same amount or %.
I am running the most current version and tax table. And I also checked the federal tax tables... they show 6.20 and 1.45... Is there something else I should be checking?
***** PayWindow ***** **** Our Calculations ****
Gross Gross
Earnings Fica Medicare Earnings Fica Medicare
1,700.00 105.33 24.63 1,700.00 105.40 24.65
1,180.00 73.09 17.09 1,180.00 73.16 17.11
It seems all employee figures come up a little short, and not all be the same amount or %.
I am running the most current version and tax table. And I also checked the federal tax tables... they show 6.20 and 1.45... Is there something else I should be checking?