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    Luis M's Avatar
    Luis M Posts: 1, Reputation: 1
    New Member
     
    #1

    Jan 24, 2008, 11:16 AM
    How can I find the calculations for payroll?
    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's Avatar
    MaggieMouse Posts: 226, Reputation: 8
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    #2

    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.

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