The system is not calculating a provision for ER taxes when computing the bonus accrual. This led to a material underaccrual.
We need to accrue:
Med: 1.45% All Wages (No limit)
Fica:6.2% (117K)
Any input on resolution will be appreicated.
Thanks
The system is not calculating a provision for ER taxes when computing the bonus accrual. This led to a material underaccrual.
We need to accrue:
Med: 1.45% All Wages (No limit)
Fica:6.2% (117K)
Any input on resolution will be appreicated.
Thanks