Print SOC SEC and Medicare Reconciliation Report
Use this screen to print a reconciliation report listing for each employee's paycheck within the selected date range, all employees' Social Security and Medicare eligible wages, the Social Security and Medicare liability on the Social Security and Medicare eligible wages, Social Security and Medicare Withheld, and any Social Security and Medicare differences.
If a difference is printed for any employee, investigate it and make adjustments, if required. Some normal rounding differences can be expected, a maximum of $.01 per paycheck per employee.
Print this report after each payroll is posted, whenever the social security and/or Medicare Computed Employee's Withholding and Employee's Withholding from Earnings on the Federal Quarterly Payroll Tax Report do not agree, and as part of the Close Payroll Year process.
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- Display the Print SOC SEC and Medicare Reconciliation Report Screen
You access the Print SOC SEC and Medicare Reconciliation Report screen from the People domain. - Contents of the Print SOC SEC and Medicare Reconciliation Report Screen
Use the fields and options to configure the Print SOC SEC and Medicare Reconciliation Report screen. - Table Information for the Print SOC SEC and Medicare Reconciliation Report Screen
Changes to the Print SOC SEC and Medicare Reconciliation Report screen update several tables.