QuickBooks Desktop Payroll wage tax bracket
Does anyone know of a way around the wage bracket method in QB desktop? I just realized the QB desktop does not deduct federal income based on gross wages but on the weekly, our employees are paid weekly, paid amount. Example: I have an employee how makes $1,240 weekly, withholding is only $124 weekly, but the yearend amount will be $64,480, which will be in a higher tax bracket at yearend. QB only had 10% withheld all year but in September the gross wages are $49,831 so they should be in another tax bracket. Hope this makes sense, basically QB desktop does not look at the year to date but each paycheck. I am hoping there is a way around this. I did read that QB online does calculate using the percentage, annualized method. Not sure why QB desktop doesn't do the same. This could really affect some employees. Thank you for any guidance in advance.
