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Social Security taxes

edited Oct 22, 2007 4:03PM in SuitePeople HR / US Payroll 3 comments

Hello!

We seem to have a problem with Basic Payroll.  It appears that calculations for the cutoff of withholding social security taxes is including a deduction for the 401K retirement plan.  If the employee has earned $97,500 (gross wages less health/dental/HSA), social security tax withholdings should cease.  The system appears to be calculating the earnings on gross wages less health/dental/HSA less retirement.

Is it possible that we have some setting incorrect somewhere?

Thanks for any help anyone can give.

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