Set up payroll history - error received Amounts you entered may be incorrect. Social Security and Mewdicare taxes

I can share the reason behind the error and help you get rid of it, rcuwinfo.

QuickBooks detected an error due to an incorrect tax deduction entry. Please review the SS and Medicare deduction amount when setting up your payroll history. The taxable rate for Social Security should be 6.2% and 1.45% for Medicare.

See this article to learn about  Social Security and Medicare tax rates for employees and employers: Understand payroll tax wage bases and limits.

If you encounter the same error message, I recommend reaching our representatives. They can look into your setup and investigate further to provide a resolution. I'll show you how:

1. Go to the Help icon and choose Search.
2. Click the Contact Us button and enter your concern.
3. Press Continue.

Kindly note our operating hours so you can call us at your convenience. For other ways to reach us, refer to this article: Contact Payroll Support.

Once everything is good, you can check out this guide for the detailed steps: Add pay history to QuickBooks Online Payroll.

I'll share with you this reference about handling tax payments: Pay and file payroll taxes and forms electronically in QuickBooks Online Payroll.

Tag me for any other concerns in managing your employee’s payroll in the program. I’m just a post away from you.