What All Are The Steps For Set Up The Deferred Payroll Item?

CARES Co. social sc deferral payroll item qb 2018

Benito R. Major Asked on May 17, 2022 in Payroll software.

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1 Answer(s)

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Simply pick QuickBooks Desktop Help from the Help menu

Set up the deferred payroll item by following these steps:

Set up the deferred payroll item by following these steps:
Select New Payroll Item from the Employees menu, then Manage Payroll Items.
Choose Custom Setup and then Next.
Select Other Tax from the Payroll item type box, then Next.
Select CARES Co. Soc. Sec. Deferral from the Other tax box, then Next.
Enter CARES Co. Sec. Sec. Deferral in the text field of the Name used in paychecks and payroll report window, then choose Next.
Select the agency you pay taxes to from the dropdown in the Agency for company-paid liabilities window, then Payroll Liabilities in the Liability account dropdown, Payroll Expenses in the Expense account dropdown, and Next.
Select taxable compensation from the Compensation pane.

To know more information on the cares act payroll tax deferral

Click on the given below link:

Benito R. Major Answered on May 17, 2022.

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