Social Security Maximum Yearly retention

[jcaceres]

Is there a way to setup a maximum deduction for Social Security as required by law.

[shaunw]

Yes, if you use the "Add Presets" button on the Admin -> Payroll -> Tax / Deduction page, it will create social security entries (and many others) for you (assuming you are in the US) with the "Annual Wage Base" set to a default value, which you can adjust to whatever you want.

You can also review section 2.8 of the Administrator Guide for more information on Tax / Deductions.

[jcaceres]

Shaun,

Thanks for your quick response. It helped me very much.