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Payroll for NA / Time and Labor - PSFT (MOSC)

How to tax bonus paid this year but earned last year?

Dec 2, 2021 4:32PM edited Mar 30, 2022 1:45PM in Payroll for NA / Time and Labor - PSFT (MOSC) 1 commentAnswered

We have had auditors inform us that we need to tax our bonuses paid this year based on where the employee located on 12/31 of previous year.

For example, if employee was in NY but moved to FL on 2/15, bonus paid on 3/15, the employee should have NY taxes instead of FL.

Has anyone else tax their bonuses in this manner? If so, how did you accomplish this in PeopleSoft.

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