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December 6, 2023
Question

When I cut a paper check should I zero out the amount to Calsavers?

  • December 6, 2023
  • 1 reply
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On a bonus check payroll withdrew the amount of the retirement portion to Calsavers would this be correct?

1 reply

December 6, 2023

Hi there, @LoraA.

 

Let me provide information and help you with your concerns about the bonus check Payroll of the retirement portion to Calsavers in QuickBooks Online.

 

Suppose you're trying to put an entire paycheck into Calsavers' retirement plan. In that case, you'll need to create a one-time paycheck for the employee and adjust the retirement plan deduction item's amount until the net amount is $0.00.

 

Allow me to walk you through on how to put an entire paycheck toward retirement: 

 

  1. Add an Other Earnings pay type to the employee's profile.
    *Set the amount to 0 or leave the $ field blank.
    *Rename it as Taxable offset. Or create your name.
  2. Set up a retirement plan deductions. Set the deduction amount to zero.
  3. Use the Gross up formula to determine the gross pay amount.
  4. Go to Payroll, then Employees.
  5. Select Run payroll.
  6. Choose an employee and pay period.
  7. Zero out the employee's regular pay or salary:
    *Enter 0 for regular pay hours.
    *Select the salary amount. Select Skip salary this time only, then Apply.
  8. Select the Taxable offset box, and enter the amount determined using the gross-up formula. Make sure that the other pay types are 0.
  9. Select Actions ⋮ , then Edit paycheck.
  10. In the Employee taxes section, you can zero out Federal Income Tax and State Income Tax. (Optional)
  11. In the Employee deductions section, enter the retirement plan amount.
  12. Adjust the Taxable offset amount as needed to get the 0.00 net pay amount.
  13. Once the net pay is zero, select Save.
  14. Select Preview Payroll, then Submit Payroll.
  15. Select Close.

Additionally, I'd also like to share these articles for additional reference: 

 

 

Please stay in touch with us if you have other concerns about bonus checks for QuickBooks Payroll by commenting below. The Community is always right here to help you.