Updating US Federal Withholding Tables

To update your US federal tax tables manually for 2004, follow these steps:

1. Choose Payroll Setup from the Costs menu and choose Tax Tables from the submenu.
2. Click on the Federal Married item, then click the Edit button.
3. Check the Up To quantities in the tax tables. If the first two numbers are $154 and $429, you have the 2003 tables. If not, download the 2004 tax tables and skip these instructions.
4. If you have current tax tables, type $59.62 into the First Adjustment field (the 2003 amount was $58.65).
5. Click OK.
6. Open the Federal Single item and repeat steps 4 and 5.
7. Click Done.
8. Choose Payroll Setup from the Costs menu and choose Tax Items from the submenu.
9. Click the FICA- SS Employer item, then click the Edit button.
10. Enter $87,900 for the first adjustment (the 2003 amount was $87,000).
11. Click OK.
12. Open the FICA- SS Whold item and repeat steps 10 and 11.
13. Click Done.

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