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

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Tax Calculation (Brackets) PeopleSoft Vs IRS

in Payroll for NA / Time and Labor - PSFT (MOSC) 1 commentAnswered ✓

Version 9.2

Tax Update 23-D

Greetings!

Can someone help me to understand why PS tax calculation differ with IRS in attached scenario?

Filing Status - Single, No additional deductions,

Weekly Taxable - $1505.39, Check Date 01/05/2024

The tax is coming to $210.67. but based on IRS tables it is coming to $236.04.

Attached calculation using both PeopleSOft and IRS . I also have added tax table of PS from our system.


Thanks in advance.


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