Review payroll calculations and tax tables at the year start

Review the following 5-3-1 Payroll Calculations and related tables annually.

U.S. Edition

Review and update:

• Employee Social Security
• Employer Social Security
• Employee Medicare
• Employer Medicare
• Federal Unemployment Tax
• State Unemployment Insurance
• State Disability Insurance
• Employer and/or Employee Paid Family Leave calculations
• Employer and/or Employee Health Insurance benefit calculations
• Employer and/or Employee 401K, IRA, SEP, and other retirement benefit calculations
• 5-3-2 Workers' Compensation tables
• 5-3-4 Paygroups tables
• 5-3-6 Local Payroll Tax tables

Canadian Edition

Review and update:

• Employer and Employee Canada Pension Plan
• Employer and Employee Quebec Pension Plan (Quebec only)
• Employer and Employee Employment Insurance

Update the payroll calculation

1. Go to 5-3-1 Payroll Calculations.
2. Display the payroll calculation to review.
3. Edit the Default Rate and Default Max values.
4. Verify the Max Type selection.
5. Click Options > Save and Update Employees > Update Default Rate and Maximum > Employees with this Calculation.