Process Tab

Use the processing options on this tab to specify how the report processes data.

1. Enter the FICA Rate as a Decimal Fraction

Use this processing option to enter the FICA rate. Enter this rate as a decimal fraction. For example, enter .062 to indicate 6.2 percent.

2. Enter the Medicare Rate as a Decimal Fraction

Use this processing option to enter the Medicare rate. Enter this rate as a decimal fraction. For example, enter .0145 to indicate 1.45 percent.

3. Enter Y to Print Employee Wage Detail List

Use this processing option to specify whether to print the Employee Detail Wage List report. This report shows employee withholding for Social Security (FICA) and Medicare taxes. Values are:

N: Do not print. (Default)

Y: Yes, print the report.

Note that the withholding amounts are doubled on the 943 tax return to reflect both employee and employer taxes. For example, if the employee withholding amount for FICA is .62, the 943 report shows .124 for FICA.

4. Adjustment to Taxes

Use this processing option to enter the adjustment amount. Enter a negative amount if subtracting from taxes. Enter a positive amount if adding to taxes.

5. Total Tax Deposits

Use this processing option to enter the amount of the total tax deposit. This amount will be subtracted from net taxes and it should always be a positive amount.