How do you calculate payroll deductions?
2.0k views |
Last modified 6/3/2020 10:11:57 AM EST |
Added by 123PayStubs Team
Be it withholdings or deductions, our integration with payroll software accurately calculates all types of payroll deductions based on the current tax laws and the details you enter.
To compute taxes/deduction amount for the pay period and year-to-date, all you have to do is to add deduction components, earning types, and the previous YTD if there's in the appropriate fields while creating pay stubs.
Additional earnings and deductions, federal and state tax info, and deposit slip are a few add-ons that we provide. To compute the payroll deductions, you must have opted for these add-ons. They come with different amounts that will be billed separately.