gfxgfx
 
Please login or register.

Login with username, password and session length
logo
 
gfx gfx
gfx
19855 Posts in 1273 Topics by 5187 Members - Latest Member: charbuild November 29, 2021, 09:49:44 PM
*
gfx* Home | Help | Search | Login | Register | gfx
gfx
Breaktru Forum  |  Payroll Software  |  General Discussion: Payroll Software  |  Tax Tables  |  Topic: Tax calculation differs
gfx
gfxgfx
 

Author Topic: Tax calculation differs  (Read 7377 times)

0 Members and 1 Guest are viewing this topic.

Online Breaktru

  • Administrator
  • PV Master
  • *****
  • Joined: Nov 2008
  • Location: NY
  • Posts: 3351
  • Karma: +788/-4
  • Gender: Male
  • PLEASE participate in this forum
Tax calculation differs
« on: November 15, 2008, 08:38:21 AM »
Customer.......
I am in Miami Florida. I think there is a mistake on the tax table. What happen is I pay somebody 7.50 per hour, 80 hours Bi-weekly. Allowance 1, single. Federal tax is suppose to be $45.77. In your table it is 45.76. Can you explain me this please. This is very important!

Reply.......
Breaktru Payroll uses the Percent Method of the Federal Publication 15, Circular E, Notice 1036. If you manually calculate with that publication, you will come up with a Federal Tax of $45.7535. Your calculation is wrong. Breaktru Payroll came up with $45.76. If you use the table method of the same publication you would find it to be $47.00.

So 65 ten thousands of a cent is nothing to worry about.
« Last Edit: November 15, 2008, 09:50:59 AM by Dave Giordano »

Breaktru Forum  |  Payroll Software  |  General Discussion: Payroll Software  |  Tax Tables  |  Topic: Tax calculation differs
 

gfxgfx
gfx gfx
Powered by MySQL Powered by PHP Valid XHTML 1.0! Valid CSS!