

The tax table automatically handles rounding discrepancies and retroactive tax rate changes for flat-rate taxes, including employee paid social security, medicare, and in some states, SUI, SDI and local taxes. DetailsQuickBooks Desktop uses tax tables to determine the rates and limits for federal, state, and specific local taxes. AssumptionsYou have an active QuickBooks Desktop Payroll Assisted subscription. Expected OutcomeThe employee’s year-to-date balances will be corrected. QuickBooks Desktop automatically enters the adjustments for these items, but does not correct the net amounts to match the original paycheck. Details – OverviewWhen you change the rate for an employee paid tax and perform a wage base adjustment, the employee either owes the company money or the company owes the employee money, and corrections are necessary.


