How do I know how much taxes to pay each pay period?

Question

I am a new subscriber of your Payroll Mate software and I have a question about depositing taxes. How do I know how much tax to pay each pay period?

Answer 1

Please use the "Deposit Requirement Report" from the Reports screen.

You can customize the report to span one or more pay periods.

Some of the amounts on the report include Federal Income Tax, Social Security (Employee), Social Security (Employer), Medicare (Employee), Medicare (Employer), Total Form 941 Taxes (for use with EFTPS), Federal Unemployment Insurance, State Income Tax, State Disability Insurance (Employee), State Unemployment (Employer), State Disability Insurance (Employer) and any other taxes you custom added inside the software. 

 

Real Business Solutions Support Team, Makers of W2 Mate, 1095 Mate and Payroll Mate

http://www.realtaxtools.com/

support@realtaxtools.com

708-479-8731