deductions Archives - Abacus Payroll

2017 Federal Payroll Tax Rate Changes

December 13, 2016 | posted by Abacus Payroll

2017 minimum wage and maximum tax rates for usa federal

Here is a summary of the federal 2017 payroll tax changes including Social Security, Medicare, Unemployment Tax, Minimum Wage, 401(k) limits and more. Print 2017 Payroll Tax Alert Social Security / Medicare The wage base increases to $127,200 for Social Security and remains UNLIMITED for Medicare. For Social Security, the tax rate is […]

What to Do if You’ve Accidentally Overpaid an Employee

November 14, 2016 | posted by Abacus Payroll

Abacus Payroll Overpaid employee paycheck

Of all the acceptable mistakes one can make, those involving numbers and other people’s money rank highest in the “oops” category. Payroll mistakes are actually quite common, with around a third of employers making noticeable errors in their calculations; thankfully, the process is entirely reversible. Here is a quick breakdown on what to do if […]

Anatomy of a Paycheck: What to Deduct and Why

March 25, 2016 | posted by Abacus Payroll

Though tax and paycheck deductions are a routine part of any payroll process, employers and employees alike tend to question what, exactly, goes into the deduction formula. We all start out with a gross pay amount, but just how do payroll managers arrive at the net pay for each paycheck? As an employer, there […]

Wage Garnishments: What You Need to Know

October 12, 2015 | posted by Abacus Payroll

What you need to know about Wage Garnishments

If you own a company or manage employees, chances are good that you’ve heard of wage garnishments. A wage garnishment is when a court order authorizes an entity to hold a certain percentage of an employee’s paycheck. An organization or individual to whom the employee owes a debt then receives that portion. Essentially, the idea […]

deductions

2017 Federal Payroll Tax Rate Changes

What to Do if You’ve Accidentally Overpaid an Employee

Anatomy of a Paycheck: What to Deduct and Why

Wage Garnishments: What You Need to Know

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