How do I set up payroll to pay $60k over the remainder of the year?
I've got a single-member S-Corp and I'd like to set my salary for $60k per year. However, I'm just now setting up the payroll, so if I set my employee pay rate to $60k on a weekly schedule then running payroll writes my check as $1,153. Since there are 28 weeks left in the year, this would only result in a total pay this year of ~$32k.
What's the proper way to set things up so that I get paid the full $60k in 2020? Since we are about halfway through the year, do I just need to set the salary to $120k and then change it back at the beginning of 2021?