No change in the taxes The withholding difference will affect their tax liability when filing taxes after year-end, either increasing or decreasing the amount owed. Manually adjust the first payroll processed after the tax tables are updated - Manually calculate the withholding difference and multiply it by the number of payrolls processed.
- Go to Payroll (PR), Processing, after entering time cards, and select Automatic Payroll Calculation.
- Go to PR, Processing, Manual Payroll Calculation, and click Yes to use the automatic calculation.
- Click Fed/State taxes... button and either add or subtract the amount calculated in Step 1 above in the FWT Employee field. See, instructions for using manual Payroll calculations for further information.
[BCB:163:Chat BusinessWorks US:ECB] |