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Posted by Laura on October 23, 2006, 9:58 pm
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Let QB do its rounding thing.
> hi,
>
> this is bi-weekly. and i did run it against paycheckcity.com, and it
> did seem to match, which gives me peace of mind.
>
> paycheckcity has an option to "Round Federal Withholding", whereas
> Quickbooks seems to just round automatically. is this of consequence?
>
>
> Laura wrote:
>> Is this a weekly or bi weekly check?
>>
>> If it is a bi-weekly check you match PaycheckCity.com.
>>
>> If it is a weekly check, that website gives me 82.05 for federal and
>> 20.51
>> for CA state withholdings. Otherwise the numbers match when using a
>> weekly
>> rate. Also, you should have an OT premium if weekly.
>>
>>
>> > thank you, will do. since this is the first time i'll be cutting a
>> > check, i'm wondering if someone would be kind enough to check my
>> > numbers? the employee is very simple -
>> >
>> > first paycheck for this employee
>> > single with 1 allowance.
>> > hourly wage of 11 / hr.
>> > total hours are 63.5
>> > State is CA
>> >
>> > these are the numbers i get:
>> >
>> > Gross - 698.5
>> > Fed withholding - 56
>> > Social Sec Employee - 43.31
>> > Medicare Employee - 10.13
>> > CA - withholding - 5.69
>> > CA - disability - 5.59
>> >
>> > Net amount 577.78
>> >
>> > do these numbers look right? i'm using Quickbooks payroll service, btw.
>
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