Q. Why doesn't the Federal Income Tax (FIT) amount calculate correctly?
A. Please verify the employee record for the following items which can affect the employee FIT. Please select “Employee Records” on the Main Menu bar and Click “Employee Changes”. Click the down arrow on the “(Select) Employee Name” box and select the employee name. When the employee record displays, please verify the items below for the employee:
Payment Cycle – Weekly, Bi-Weekly, etc.
Tax Status – 1 Single, 2 Married, etc.
Number of W-4 Federal Tax Allowances
In addition, please use the calculated taxable gross to verify the correct federal withholding in the IRS Publication 15 (Circular E, Employer's Tax Guide). You can access publication 15 at anytime, through TKT Payroll, by selecting "Utilities" on the Main Menu bar. Highlight "Withholding Rates" and click "Federal Annual Rates". When the Federal Tax Withholding Rates page displays, click the "Click for Information in IRS Publication 15, Circular E" button in the lower left corner.