How to calculate Employer Taxes and Contributions for an individual employee?
Hi all, this is my first question so hopefully it’s beneficial to everyone. I work for a company that switched from QuickBooks Desktop to QuickBooks Online, but the payroll information didn’t transfer over to the new system.
I now have to go check-by-check, line-by-line, and fill out all the necessary information for Taxes Witheld and Employer Taxes and Contributions. Taxes Witheld is the easy part because that shows up on the paystub, but the Employer taxes just gets lumped into one “bucket”.
How do I calculate FUTA and Workers Comp? It looks like the totals carry over to the Employer Taxes and Contributions for Medicare, SS, CA SUI, but not for Workers Comp and FUTA taxes I know this was long-winded, but hopefully it is enough information. Thank you!
in progress 2 Answer