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View Full Version : FICA total under Employer Liabilities - wrong?



pebarb
01-07-2013, 08:55 PM
I did payroll today and instead of doubling the FICA deductions to show the Employer Liability, the software doubled it and added one cent.

So my FICA deductions were $378.18 and my Employee & Employer FICA liability was $756.37

Is that correct?

Paul Mayer
01-07-2013, 10:23 PM
Yes that happens and this FAQ we created on the subject explains how it occurs. And in particular when the employees is taken from the payroll saved transactions and the employer is calculated on the total taxable wages.

http://zpay.com/vbulletin/showthread.php?3198-Rounding-of-Employee-FICA-and-Medicare-is-Expected