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SuiteWorld brings thousands of innovators, builders, and leaders together to learn, connect, and shape what’s next. This October, explore how to build a stronger foundation for growth through inspiring keynotes, major product reveals, hands-on sessions, and unforgettable moments—all in one place for our biggest event of the year. Join us
Social Security taxes
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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