Howdy,
So my boss wants to take a lump 10K of federal withholding out of a payroll and would end up with a negative net paycheck. Is this even possible? (my gut says no) so instead of direct depositing funds QB would debit his bank account?
I told him I did not believe QB would allow this but he wants proof.
He wants to give me a check to credit toward the liability but I told him that the 10K HAS to be on his payroll to properly track for taxes and W2's. I can't figure out how I can take a check from him but not bump his gross and yet create a negative net paycheck to pay these taxes.
Am I wrong in how I approach this?
Thanks,
Stacey
