Online

Payroll Tax

Calculator

FAQ
Bull Why does my paycheck not match the calculations? BullIs this accurate? How often are calculations updated? Bull Why does my paycheck not match the calculations? BullWhat do Allowances means? Bull What is 401k contribution? BullIs there someone I can call or email,should I have a question? BullHow does Year to Date work in the tax engine? BullHow Reciprocity is calculated?

Why does my paycheck not match the calculations? There are many reasons your actual paycheck may not match the calculator result. Most of the time, errors are related to incorrect number of state or federal allowances entered, or incorrectly entered deductions. Is this accurate? How often are calculations updated? New calculations are added to the calculators as soon as the effective date arrives. We are notified directly by the states in many cases like based on Payment date, if there are new tax tables, we automatically update our system to reflect new values. What do Allowances means? Allowances are fixed sums of money paid regularly in addition to salary for the purpose of meeting some particular requirement. There are 3 types of allowances
BullTaxable allowances
BullPartially-exempted allowances
BullFully-exempted allowances
Pay Period: Types
Bull Weekly - once per week
Bull Bi-Weekly - every other week
Bull Semi-Monthly - twice per month
Bull Monthly - once per month
Marital Status
Single, married, Head of Household..........as per the W-4 form.
What is 401k contribution? Employment retirement plan where employee saves from his regular wages. Limit for the year 2010 is $16500. Is there someone I can call or email,should I have a question? Yes, you can reach us at Email: support@paymycheck.info How much time do I have to approve payroll before my employees are paid? We just need to approve payroll with in 3 business working days before your employees are paid. How does Year to Date work in the tax engine? An Employee’s total wages during the current year. This is an accumulation of each pay period wage(s) during the current year. An Employee’s total taxes during the current year. Each Employee and Employer pays several different taxes like for eg., Withholding, FICA, MEDICARE taxes. Year to Date Taxes for each of these tax type(s). How Reciprocity is calculated? Typical Reciprocity pertains to only withholding taxes, it does not pertain to taxes like FUTA, SUTA, Medicare or FICA taxes. Over a period of time, these agreements between these state tax authorities do change, enforcing rules or no longer honor the reciprocal agreements.