How to define Employee Deduction record W-4 amounts when using Biweekly Tax Tables
Description of Issue
We use biweekly tax tables and have a new 2020 W-4 with a dependent amount of $2,000, do I need to break that down to the biweekly amount on the Employee Deduction record?
Context
- Munis
- Employee Deductions
Cause
Resolution
- Go to Employee Deductions. (Payroll>Employee Maintenance>Employee Deductions)
- Search for the employee and federal deduction code. Click Accept.
- In the Dependents field, define the amount provided in Step 3 of the 2020 W-4 form. Â
Additional Information
If using biweekly tax tables, the full annual amount defined on the 2020 W-4 form for Step 3, Step 4a and 4b can be defined on the deduction record and the system will calculate based on the biweekly tax tables.