Federal Tax Summary - Fields

 

Federal Tax Summary

Gross Wages

Type the quarter-to-date and total year-to-date amounts of gross wages paid to this employee. The information in this field is adjusted automatically as each payroll is processed. This field is available only after the Fix button is clicked and you have the appropriate security setup.

 

Withholding (Wages)

Type the quarter-to-date and total year-to-date amounts subject to withholding tax. The information in this field is adjusted automatically as each payroll is processed. This field is available only after the Fix button is clicked and you have the appropriate security setup.

 

Employee FICA (Wages)

Type the quarter-to-date and total year-to-date amounts subject to FICA taxes. The information in this field is adjusted automatically as each payroll is processed. This field is available only after the Fix button is clicked and you have the appropriate security setup.

 

Employee FICA Tips (Wages)

Type the quarter-to-date and total year-to-date amounts subject to FICA Tips taxes. The information in this field is adjusted automatically as each payroll is processed. This field is available only after the Fix button is clicked and you have the appropriate security setup.

 

Employer FICA

Type the quarter-to-date and total year-to-date amounts subject to employer FICA taxes. The information in this field is adjusted automatically as each payroll is processed. This field is available only after the Fix button is clicked and you have the appropriate security setup.

 

Employer FICA Tips

Type the quarter-to-date and total year-to-date amounts subject to FICA Tips taxes. The information in this field is adjusted automatically as each payroll is processed. This field is available only after the Fix button is clicked and you have the appropriate security setup.

 

Employee Med. (Wages)

Type the quarter-to-date and total year-to-date amounts subject to Medicare taxes. The information in this field is adjusted automatically as each payroll is processed. This field is available only after the Fix button is clicked and you have the appropriate security setup.

 

Employer Med.

Type the quarter-to-date and total year-to-date amounts subject to employer Medicare taxes. The information in this field is adjusted automatically as each payroll is processed. This field is available only after the Fix button is clicked and you have the appropriate security setup.

 

Unemployment

Type the quarter-to-date and total year-to-date amounts subject to unemployment insurance. The information in this field is adjusted automatically as each payroll is processed. This field is available only after the Fix button is clicked and you have the appropriate security setup.

 

Tips Reported

Type the quarter-to-date and total year-to-date amounts of tips reported. The information in this field is adjusted automatically as each payroll is processed. This field is available only after the Fix button is clicked and you have the appropriate security setup.

 

Tips Deemed

Type the quarter-to-date and total year-to-date amounts of tips deemed to be wages. The information in this field is adjusted automatically as each payroll is processed. This field is available only after the Fix button is clicked and you have the appropriate security setup.

 

Withholding (Payroll Taxes)

Type the quarter-to-date and total year-to-date amounts withholding taxes. The information in this field is adjusted automatically as each payroll is processed. This field is available only after the Fix button is clicked and you have the appropriate security setup.

 

Employee FICA (Payroll Taxes)

Type the quarter-to-date and total year-to-date amounts of FICA taxes. The information in this field is adjusted automatically as each payroll is processed. This field is available only after the Fix button is clicked and you have the appropriate security setup.

 

Employee FICA Tips (Payroll Taxes)

Type the quarter-to-date and total year-to-date amounts of FICA Tips taxes. The information in this field is adjusted automatically as each payroll is processed. This field is available only after the Fix button is clicked and you have the appropriate security setup.

 

Employee Med. (Payroll Taxes)

Type the quarter-to-date and total year-to-date amounts of Medicare taxes. The information in this field is adjusted automatically as each payroll is processed. This field is available only after the Fix button is clicked and you have the appropriate security setup.

 

EIC

Type the quarter-to-date and total year-to-date amounts of the Earned Income Credit (EIC).  The information in this field is adjusted automatically as each payroll is processed. This field is available only after the Fix button is clicked and you have the appropriate security setup.

 

Pension Plan

Type the total year-to-date deductions withheld from the employee for qualified pension plans (for example, 401(k)). The information in this field is adjusted automatically as each payroll is processed.

 

Cafeteria Plan

Type the total year-to-date deductions withheld from the employee for qualified cafeteria plans. The information in this field is adjusted automatically as each payroll is processed.

 

Allocated Tips

Type the amount of year-to-date tip allocations calculated for this employee. The information in this field is adjusted automatically as each payroll is processed.

 

Fringe Benefit

This field displays the year-to-date fringe benefits amount received by this employee and reported as taxable income (for example, chauffeur services or personal use of a company car). This field can only be viewed.

 

Nonqualified

Type the amount of distributions paid to employees from a nonqualified deferred compensation plan. This amount should be included as wages on the W-2 form. The information in this field must be manually entered prior to printing W-2 forms for year end.

 

Dependent Care

Type the amount of dependent care contributions paid, including any amount in excess of the $5000.00 exclusion. An entry must be made in this field prior to printing W-2 forms for year end.

 

Hours Worked

Type the quarter-to-date and year-to-date totals representing the number of hours worked by this employee. The information in this field is adjusted automatically as each payroll is processed.

 

Days Worked

Type the quarter-to-date and year-to-date totals representing the number of days worked by this employee. The information in this field is adjusted automatically as each payroll is processed.

 

Weeks Worked

Type the quarter-to-date and year-to-date totals representing the number of weeks worked by this employee. The information in this field is adjusted automatically as each payroll is processed.

Note Some states have established a minimum earnings amount below which the Weeks Worked field is not updated (for example, California and Pennsylvania).

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