View Full Version : Federal Report
Gail Fasshauer
01-06-2011, 09:26 PM
My program is updated and I just did first payroll of the year and the federal tax numbers don't look right. They don't equal when I do my GL entry. It's deducting $112.93 for an employee earning 1141.30. In the tax table it says .008
Paul Mayer
01-06-2011, 09:42 PM
See this FAQ as PayWindow uses the Exact Calculation Method:
http://zpay.com/vbulletin/showthread.php?119-The-Taxes-from-PayWindow-are-different-from-Publication-15
I'm not sure what you are referring to with the .008 figure as the closest thing that I can think that comes to that is the FUTA rate which is .8% and is the FUTA tax (employers share) not the Federal Income Tax withholding. But that 112.93 does appear to be what the calculation for an employee earning 1143.30 would be depending on the pay periods and number of exemptions they are claiming.
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