Hello, Why does the amount in the last column "Adj. WC Compensation" show up as a quarterly Payroll Liability? The details shows a small portion for each employee's paycheck that is due. Your assistance will be appreciated. Lorraine
Allow me to provide some more information about the Adj. WC Compensation tab.
The Workers' Compensation premiums calculated for the state you have set up for your employee. If you need the report to calculate for multiple states, then you can calculate the premiums by using these steps:
Navigate to the Reports tab, hover over Employees & Payroll, and select Workers Comp Summary.
Set the date range.
Press the Customize Report, then the Filters tab.
Choose the Workers Comp Code and all the other codes that apply to a single state form the filters. Hit OK.
In the WC Premium column, take note of the total and multiply it by the experience modification rate for the corresponding state. This will give you the adjusted (final) Workers' Compensation premium for the state for the period you selected.