Federal Tax

General support regarding TimeTrex, such as
configuring policies/taxes or processing payroll.
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firstclassfab
Posts: 3
Joined: Mon Sep 21, 2020 12:25 pm

Federal Tax

Post by firstclassfab »

what is the percentage of the federal tax taken out? its a little
different then a program i used before.

shaunw
Posts: 7670
Joined: Tue Sep 19, 2006 2:22 pm

Re: Federal Tax

Post by shaunw »

Federal tax isn't a flat percentage, its a complicated formula. If you are seeing differences from another program that are not minor (ie: more than dollar or two), then its likely due to differences in what you have specified for the W4 settings. (ie: martial status, multiple jobs, etc...)

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