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Join nowHi there, Melissa7,
I want to ensure your taxes are calculating correctly.
There are a few reasons why SS and Medicare taxes are calculating incorrectly. Consider the following:
To isolate the problem, let's make sure you're able to download the latest tax table update version 21902. You can check that by following these steps:
If you're using the correct version, let's check if there are any discrepancies or zero deductions for the SS and MD amounts on the employee's paycheck. We can use the Payroll Detail Review report to verify the taxes withheld and the difference. Here's how:
On the report, review if the checks have the correct deductions. You can get the correct calculation by multiplying the total wage base of each payroll items to its corresponding tax rate. If the figures are correct, then there is no action to be taken next.
However, if QuickBooks overwithheld the SS and MD taxes, there are 2 ways to remedy the situation. Here's how:
That should get you on the right track, Melissa7. Please feel free to let me know if there's anything you need help with. I'll be glad to work with you again. Have a good one!