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January 10, 2024
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Oregon WBF assessment rate for 2024

  • January 10, 2024
  • 1 reply
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Hi, I need to change our WBF assessment in QuickBooks Desktop for payroll.  It changed from 2.2 cents to 2.0 cents and how do I make the change in QB?  Do I change the employee and employer to be 0.010?  Or 0.020 for both?

 

Best answer by Nick2112

So for each Employee........How do I enter the 2.0 as a decimal?

1 reply

JaeAnnC
January 10, 2024

Thanks for reaching out to us, @Oliver33682. I'll be glad to outline the steps on how to change the Oregon Worker Benefit Fund (WBF) rate in QuickBooks Desktop (QBDT).

 

For 2024, the rate is two cents (0.2) per hour worked. You and your employees will split the tax amount. To learn more, I suggest visiting the Oregon website.

 

Then, refer to these steps to set up the WBF rate in QBDT:

 

  1. Go to Employees and select Employee Center.
  2. Double-click the employee's name.
  3. Click Payroll Info, then Taxes.
  4. Go to the Other tab. 
  5. Select OR - WBF Assessment Emp. and OR - WBF Assessment Co.
  6. In the Worker's Assessment rate field, enter the tax rate for the employee as you select OR - WBF Assessment Emp. and the company tax rate as you select OR - WBF Assessment Co.
  7. Click OK twice.

 

If you're subscribed to Assisted Payroll, follow the steps above to manually change the rates in QBDT. Intuit will pay and file this tax for you.

 

Moreover, generate reports in QBDT so you can have a closer glance at your company's finances, including payroll taxes and liabilities.

 

Stay in touch if you need additional assistance updating your tax rates in QBDT. I'm always more than willing to help. Have a good one.

Nick2112Answer
January 19, 2024

So for each Employee........How do I enter the 2.0 as a decimal?