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HELP!!! While trying to file my 3rd quarter 941, an error appeared that the total taxable SS wages and total taxable Medicare amount is not balance. I reviewed my payroll summary and found out that I was not able to withhold Medicare taxes (both employee and employer part) in one of my employees. I must have unchecked Medicare when I first entered her taxes information. Please help, what should I do to correct this?
Solved! Go to Solution.
Thank you for getting back to us, @Operations22.
I'm here to help you add the Medicare taxes of your employee for the third quarter.
As mentioned by my colleague above, you can run a payroll checkup. Before doing so, make sure to check the Medicare taxes of the employee. It is to ensure that the employee will be deducted moving forward.
Once done, run a payroll checkup. It will let QuickBooks to create an adjustment for the liabilities.
You can then run a Payroll Summary report for the third quarter. It will let you check the amount to be adjusted. See the employee wage amount and multiply it by the Medicare rate 1.45%. See the screenshot below for the rate.
If there is a difference between the report and your calculated rate, you can create manual adjustments.
Here's how:
You can refer to this article to adjust payroll liabilities: Adjust payroll liabilities in QuickBooks Desktop Payroll.
For future reference, I'm also adding this article about viewing previously filed tax forms and payments: View your previously filed tax forms and payments.
Let me know if you have questions about payroll liabilities in QuickBooks Desktop Payroll. I'm always here to help. Have a great day.
Hello, Operations22
I can share some information about incorrect Social Security (SS) and Medicare (MD) numbers in QuickBooks Desktop (QBDT).
There are a few causes why SS and MD taxes are calculated incorrectly. These are the following:
To fix this, we'll need to first locate the discrepancy by running a Payroll Summary report for the month or quarter. This will allow us to determine which period requires adjustment.
After that, we can run a payroll checkup or create manual adjustments to the wage and tax amounts. Also, you can run the payroll liability balances report to check if the amounts to be paid are correct.
I've included these articles for more information about the process:
Let us know if you require further assistance with managing your payroll liabilities. The Community team is here to help you anytime. Have a great day!
Hello. I appreciate your response. The amounts withheld by QuickBooks are actually correct. However, QuickBooks did not deduct Medicare taxes from both the employee and employer because I mistakenly unchecked "Medicare" when I added the employee's information.
Thank you for getting back to us, @Operations22.
I'm here to help you add the Medicare taxes of your employee for the third quarter.
As mentioned by my colleague above, you can run a payroll checkup. Before doing so, make sure to check the Medicare taxes of the employee. It is to ensure that the employee will be deducted moving forward.
Once done, run a payroll checkup. It will let QuickBooks to create an adjustment for the liabilities.
You can then run a Payroll Summary report for the third quarter. It will let you check the amount to be adjusted. See the employee wage amount and multiply it by the Medicare rate 1.45%. See the screenshot below for the rate.
If there is a difference between the report and your calculated rate, you can create manual adjustments.
Here's how:
You can refer to this article to adjust payroll liabilities: Adjust payroll liabilities in QuickBooks Desktop Payroll.
For future reference, I'm also adding this article about viewing previously filed tax forms and payments: View your previously filed tax forms and payments.
Let me know if you have questions about payroll liabilities in QuickBooks Desktop Payroll. I'm always here to help. Have a great day.
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