Social Security

"Social Security" permits entry of FICA and Medicare wage limits and withholding percentages for a tax year. These values will be used for calculating withholdings during payroll processing.

Type Tax year to be created. Enter the appropriate FICA and Medicare tax wage base limits and withholding percentages. Click Save to save the data for the tax year. The saved tax year details will display in the tax year list below. Click a tax year item from the list, select "Delete" to delete the tax year. Select "Change" to retrieve the tax year; make changes, click Save to save the modifications.

Social Security fields