The Old-Age, Survivors, and Disability Insurance taxable wage base is to increase to $137,700 in 2020, up from $132,900 for 2019 with a maximum tax amount of $8,537.40. After program updates are completed, go to the FICA and FICA-M Deduction Descriptions, Compute tab, and click on the Copy Standard Setup button, then click Select to load the new wage base.
MASS CHANGE EMPLOYEE DEDUCTION AMOUNTS (CHGDEDMAMTS)
The report for mass changing employee deduction amounts has been modified so that deduction amounts can be easily changed when pay frequencies (number of pays)...
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