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Posted by Disciple on August 21, 2006, 12:13 pm
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On 20 Aug 2006 16:00:44 -0700, Sam wrote:
> Please help me if you know a solution to this problem
>
> I have setup paycheck as a scheduled transaction. Some amount of money
> is deducted (after tax) every paycheck towards employee stock purchase
> plan. This is okay so far. At the end of a quarter, stock is purchased
> and any balance remaining is credited back in the next paycheck. So
> this credit is like an after-tax income. In order for my year end
> reports to agree with W2, I need to capture this income. How can I
> accomplish this within the paycheck feature?
>
> Thanks
> Sam
How is the surplus $$ that is credited back reflected on the W-2? Since it
was previously taxed it would already be included in the reported taxable
income, Yes/No? YMMV as I don't have Q2005 installed, but ...
... In Q2007's paycheck form there is a button labeled Add Earning that
when pressed presents a menu of 'usual' income categories, i.e. Salary,
Bonus, Profit Sharing, Vacation, Holiday, Sick Pay, and *Other Earning*.
Choosing Other Earning presents an Add Earning dialog box with entry fields
for; Name, Category, and Amount. Set up an income category that does not
have a tax line item associated with it, so that it will not be included in
the Tax reports or transfers.
I could be totally wrong about this though, so wait for more authoritative
advise before acting on what I suggest.
--
Disciple - Team Z
Who is wise and understanding among you? Let him show by good conduct that
his works are done in the meekness of wisdom. James 3:13
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