A report has been created and placed on OpenRDA’s Payroll Tax Reports menu. The FICA Earnings Calculation report requires the Calendar Year, Employee FICA rate, Employer FICA rate, and the FICA gross threshold for the selected calendar year to be entered on the range screen. The report will then show the deduction gross and deduction amount from the deduction calendar files as well as a column for calculated deduction amount. The calculation uses the deduction gross from the calendar file (but not to exceed the gross threshold) and the rates entered on the range screen. Because of rounding, there can always be some small (pennies) differences. The last column will display YES if the difference is more than 10 cents (depending on your pay frequency, differences from rounding could be higher).
How to Prioritize Technology Investment to Maximize Efficiency and Cost Savings
For school districts and local governments, every dollar counts. Tight budgets, growing demands for efficient services, and the pressure to modernize can make technology investments...
Read More...
