Jeffry Wisnia
01-11-2012, 10:38 PM
We ran our first (biweekly) payroll of 2012 today and when the checks were handed out a part time salaried employee earning $960 gross every two weeks asked me why her check was about $2.00 higher than the last one she received on December 30, 2011. I looked at the data and saw that the witheld Federal and Massachusetts state taxes were both slightly lower than they were last year. Another employee earning $2,000 gross every two weeks received a check about $9.00 higher than her last one.
I don't have federal and state witholding tables for 2011 and 2012 handy, so I'm trusting the tax tables in PayWindow, but asking here to make sure.
Did this perhaps come about because one year has the length of 365 days, 5 hours, 48 minutes and 47 seconds, so a leap year is added every four years to keep things closer to correct and 2012 is one of them, with 366 days? <G>
I don't have federal and state witholding tables for 2011 and 2012 handy, so I'm trusting the tax tables in PayWindow, but asking here to make sure.
Did this perhaps come about because one year has the length of 365 days, 5 hours, 48 minutes and 47 seconds, so a leap year is added every four years to keep things closer to correct and 2012 is one of them, with 366 days? <G>