Wel2
Level 1

Employees & Payroll

Hi Rochelley,

 

I have same question, and I think I can follow your instructions, as my QB is the desktop version, I can enter the -ve figure, my issue is with the formula itself, it's giving two options, one of them is the manual option, which I believe is what we should do as we are entering a specific amount in QB.  It states divide (for example XXXX) amount by the number of pay periods remaining in the year, and then it says:"Subtract the calculated amount from the gross earnings in each pay period to determine the revised taxable earnings.  Use the revised taxable earning to determine the federal and provincial tax to withhold".  Now I am a little bit confused, if I followed your suggestion, then I am reducing the taxes by this amount and not the gross earnings. I think its not the same thing; I think the figure amount of taxes resulting from deducting the calculated amount from earnings will be different than if I deduct it directly from the taxes itself, or what do you think?  Thank you