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401-K and Pensions |
Problem wants to do retirement fund withholding. How to use MacNail construction payroll software for 401K 401-K pension plan as deductions from employees. Diagnosis 401-K plans don't affect social security withholding, but they should be deducted from the taxable income for federal withholding Solution 1. Open the payroll blank DO SIMILAR FOR STATE WITHHOLDING-- generally done on the far right somewhere, but possibly in state withhold column. Browse thru formulas and find the one that refers to column I2 (the taxable wage column) Comments Entered 2/10/97 by Casey. Updated 11/22/2010. |