We have a client that is trying to make an adjustment to the owners' Simple IRA and taxable income for the end of the year. Basically, they need to create a payroll earning code that is subject to Federal Income Tax Withholding but not FICA Tax Withholding. That was pretty easy in the "old payroll" but is not as easy to set up with the new Tax Rules and Tax Profile setup.
Does anyone have any suggestions on the proper setup?
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Chuck Peddy
Smartbridge Partners
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