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Luis M
Jan 24, 2008, 11:16 AM
We started a business a few years ago. :) We have always had an accountant do everything for us. :( Now that our business is begins to take shape, ;) I would like to be a little, if not, fully involve in our office. I have been working on a few projects, but I can not seem to figure out the payroll system. We do everything by hand. I would like to get some help on how to find the calculations for my payroll :confused:

MaggieMouse
Feb 2, 2008, 04:17 PM
Calculating payroll is not difficult but filing all the payroll taxes costs some time, if you are not an accoutant.

To calculate, use the base salary, subtract federal income tax withheld, subtract state income tax withheld, subtract social security, subtract medicare, then you get the amount due to employee. What state are you in? Rates are different by states.