For 2011 the payroll year the US government has changed the Social Security tax rules. The maximum has not changed however the employee portion is now 4.20% instead of 6.20%. The employer portion remains at 6.20% as it was in 2010.
Your employees (or yourself) may be exempt from state taxes. This article will outline how you can make an employee exempt from these taxes, and prevent these deductions from coming off their paycard when you process payroll.
In order to complete ACA reporting and compliance reviews you must have the Clarity Human Resources Module. ACA regulations are based on a combination of Payroll and Human Resource information and therefore access to both modules is necessary.
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