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

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PAID_PRDS_PER_YEAR and tax_periods

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

We are having an issue with a bonus payment. Last year we ran with PAID_PRDS_PER_YEAR=20 and TAX_PERIODS=4 on ps_pay_earnings. This year we ran a similar payroll but with PAID_PRDS_PER_YEAR=24 and TAX_PERIODS=4 - the federal withholding is much higher this year. I'm having trouble finding documentation on how those values work with the FWT calculation. Is there any other term I should search for besides using the field names? We need to explain to the employees why the taxes increased so much.

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