Deferred wages - reversing medicare ER and EE taxes -- in standard payroll run, a deduction for defe
This Deduction is set up as Federal (FIT) and State (SIT) exempt only. It should calculate medicare and FICA.
FiCA calculates properly as the employee has reached the limit however the Medicare is reversing the tax
Gross is $27879.74 (taxable for Medicare)
Deferred is - $27879.74 (not excludable deduction for Medicare )
Medicare should be .0145 + .009 for EE and .0145 for EE
.0145 = 404.25
.009 = 250.91
ER=404.56; EE=655.17
Actual pay stub calculation showing: EE -834.14; ER -514.68