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19840 Posts in 1272 Topics by 5187 Members - Latest Member: charbuild May 30, 2020, 10:57:43 PM
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Breaktru Forum  |  Payroll Software  |  General Discussion: Payroll Software  |  Topic: Payroll 2020 Employee Payroll Withholding Tax Calculator
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Author Topic: Payroll 2020 Employee Payroll Withholding Tax Calculator  (Read 1571 times)

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Online Breaktru

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Payroll 2020 Employee Payroll Withholding Tax Calculator
« on: December 29, 2019, 07:57:57 AM »
Payroll 2020 is available at: http://payroll.breaktru.com for downloading. Payroll 2020 is software for Windows computers.

The new Federal tax rates from the IRS publication 15-T method #5 was used in Payroll 2020 software app. This method is called “Percentage Method Tables for Manual Payroll Systems with Forms W-4 from 2019 or earlier”

If your employee has submitted a NEW 2020 W4, a different tax formula will be required. A method that takes into account employee’s interest, dividends, retirement income, estimated itemized deductions from Form 1040, qualifying children under 17, etc……

Online Breaktru

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Re: Payroll 2020 Employee Payroll Withholding Tax Calculator
« Reply #1 on: January 03, 2020, 01:23:53 PM »
For Windows 7 users:

Previously a couple of Windows 7 users reported an "Invalid Picture" warning when trying to run Payroll 2020.
A new version has addressed this issue.

Version 12.0.6 at: http://breaktru.com/pay2k.zip

Online Breaktru

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Re: Payroll 2020 Employee Payroll Withholding Tax Calculator
« Reply #2 on: February 07, 2020, 09:22:11 AM »
Payroll 2020 version 20.1.0 has been released with state tax update for Rhode Island and New Jersey.

Breaktru Forum  |  Payroll Software  |  General Discussion: Payroll Software  |  Topic: Payroll 2020 Employee Payroll Withholding Tax Calculator
 

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