An asterisk prints on Payroll Quarterly Tax Report
Description
Cause
Resolution
Understanding the asterisk on the report
The Payroll Quarterly Tax Report compares calculated tax amounts with actual taxes withheld. An asterisk prints in the VAR column when the difference reaches at least $0.05.
Federal Reports
On Federal Reports, an asterisk indicates one of the following variances:
Employee Social Security tax withheld differs from the calculated Social Security tax amount.
The calculated amount uses wages subject to employee Social Security tax and the current Social Security tax rate.
Employee Medicare tax withheld differs from the calculated Medicare tax amount.
State and Local Reports
On State and Local Reports, an asterisk indicates a variance between:
The employee SDI/LDI tax withheld.
The calculated SDI/LDI tax amount based on wages subject to employee SDI/LDI tax and the current employee SDI/LDI tax rate.
Quarterly reporting information
First-quarter, second-quarter, and third-quarter reports list only employees with earnings during that quarter.
Year-to-date totals include earnings for all employees.
Fourth-quarter reports include all employees who had earnings during the year.
TIP:
Review employee tax records when an asterisk appears. A tax withholding variance exists between the calculated and actual tax amounts.