I'd be glad to share some details about payroll tax calculation, @cstokes.
The taxes are set up automatically based on the payroll settings you have and the information you provided on the employee details. The payroll wage and tax calculations are derived from the payroll data and transactions you entered in QuickBooks.
Your employees and payroll items should be set up correctly to ensure accurate calculation of wages and tax amounts. QuickBooks will adjust the deduction and correct the calculations after setting up the tax details.
You can change the name of your current payroll preferences by following the steps below.
Here’s how:
- Go to the Gear icon at the upper right of your screen.
- Select Payroll Settings.
- On the Preferences section, click Accounting and hit Customize.
- Change the name of your current payroll preferences.
- Hit OK once finish.
I'm adding these articles you can read for any information about payroll account preferences in QuickBooks:
Payroll accounting preferences.
Set up Payroll account preferences.
Feel free to drop a comment below if you've other questions about payroll calculation in QuickBooks.
