Oregon has a WBF tax of 2.4 cents per hour worked (or 1.2 and 1.2 divided between employees and employers) or hours worked x .024. QB payroll incorrectly calculated this as 2.8% on our January payroll.
I need to 1. know the best route to reimburse our employees for this over assessment and 2. make sure that this is remedied, going forward.
I have already downloaded the latest payroll update.
Hello there, @PeggyOliviaSmith.
Thank you for providing us the steps you've tried. I can help you fix the incorrect calculation of Oregon WBF tax on your employees paychecks.
First, you have to run the Payroll Item Detail report to get the total amounts deducted for the Oregon WBF tax on your employee's paychecks. You have to take note and calculate the overpaid amount per employee.
Second, we'll create a negative adjustment specific to the payroll item:
Third, you will create a non-taxable addition item to be added to your employees' future payroll.
Lastly, you have to double-check and update your employee's Oregon WBF tax rate to avoid this from happening again.
I know that that's quite a work, but that should correct your recordings in QuickBooks, PeggyOliviaSmith.
Please know that I'm still here to help you more if you have follow-up questions about payroll. Just add a comment below or mention my name. Have a good one and take care always!