Master Article - Proving out Federal Income Tax Withholdings Calculations in Payroll

Description of Issue
  • I have employees that filled out the 2020 or later W-4, how do I calculate their new withholdings?
  • Some employee's FIT withholding seems wrong or is 0.00. 
  • How do I calculate the employee's FIT withholdings if they filled out the 2020 or later W-4 and selected the Step 2 checkbox option? 
Context
  • Payroll
  • Payroll Start and Status 
  • Earnings and Deductions 
  • Payroll Control Settings
  • Deduction and Benefit Master
  • Employee Deductions
  • Employee Job/Salary
  • Tax Tables
Cause

Resolution