cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
Not applicable

I have mismatch amounts because SS and MC were figured with incorrect percentage rates in previous pay periods. Is there a way to continue setting up payroll as it is?

 
1 Comment
QuickBooks Team

Re: I have mismatch amounts because SS and MC were figured with incorrect percentage rates in pre...

Hey there, @tgrand64.

 

QuickBooks calculates your Social Security (SS) and Medicare (MC) based on the rates mandated by the IRS. Let me provide more details about this and help you further.

 

The rates mandated by the IRS for your SS and MC are already fixed. There's no option in QuickBooks to change these rates.

 

You can pull up your Payroll Detail report. This way you can verify the tax miscalculations on your paychecks. You can pull up the report by clicking on Reports and looking for Payroll Detail on the search bar.

 

You can read section 3 of this article about the calculation: How to Calculate and Manage Payroll?

 

Don't hesitate to let me know if you have any other questions. I'll be around to assist you.