New FICA limit with payroll crossing calendar years

My payrolls starts in December but ends in January, will my old, or new FICA limit be enforced?

• Munis
• Payroll Start and Status

The yearly accumulator is updated based on the defined check date of the payroll.

1. Go to Payroll Start and Status (Payroll>Payroll Processing>Payroll Start and Status)
2. Search for the warrant. Note the Check date field (Example, 01/06/2020).
3. Munis will begin a new accumulation toward the FICA limit because the check date of the payroll is in 2020 rather than 2019.

When using the Limit Type Y - CALENDAR YEAR for the FICA deduction, Munis will stop taking the deduction when the yearly accumulator reaches the defined employee and employer limit.