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Payroll Tax Changes for 2012
2012 PAYROLL WITHHOLDING TABLES for MotorTraxx
Here are the 2012 payroll tax withholding tables. Make these changes after your last
payroll of December and before your first payroll of January, 2012. (If you have already
done payroll in January without making the changes, it is not critical. The change in
withholding for some lower paid employees may be close to zero, and for higher paid
employees, it will only amount to a few dollars at most.) You may manually update your
tables by following these instructions:
IMPORTANT INFORMATION: THE SOCIAL SECURITY RATE FOR EMPLOYEE WITHHOLDING HAS BEEN REDUCED FOR 2011 TO 4.2%. HOWEVER, THE RATE EMPLOYERS MUST PAY REMAINS AT 6.2%. WE ARE UNABLE TO ACCOMMODATE BOTH CALCULATIONS IN MOTOR TRAXX. WE HAVE CHOSEN TO CALCULATE USING THE EMPLOYER RATE. YOU WILL NEED TO MANUALLY CALCULATE THE EMPLOYEES’ 4.2% AND ADJUST THE AMOUNT SHOWING IN THE SOCIAL SEC. FIELD FOR EACH PAYCHECK PRIOR TO POSTING THE CHECK. (To calculate the Employee withholding, subtract any PT-CAFETERIA amount from the INCOME amount, and multiply the result by 0.042. Place the Highlight bar over the SOCIAL SEC. field, and press Enter and enter the calculated amount.) WE APOLOGIZE FOR THE INCONVENIENCE. THIS IS NOT AN ISSUE IN MaxxTraxx Corporate Edition PAYROLL.
1. Do a backup prior to making any changes to your system.
2. From the CONTROL PANEL, go to 3. BUSINESS OFFICE.
3. Go to 4. ACCOUNTING OFFICE.
4. Go to 5. PAYROLL.
5. Go to 7. MAINTENANCE.
6. Go to 1. TAX TABLES.
7. Using the arrow keys, move the highlight bar down to F1, FEDERAL
SINGLE 2011, and press ENTER. (Make a note of the Limits for Social
Security and Medicare for step 13.)
8. To change the title, press ENTER, make the changes and then press F12 to
save.
9. To change the withholding amount, arrow down to the line you need to
change, press ENTER, make the changes on that line, then arrow down to the
next line and repeat.
10. To change the allowance amount, press F2, make the change then press
ENTER to close the window.
11. When you have completed the FEDERAL SINGLE changes, press the “N”
key to go to FEDERAL MARRIED and repeat the above procedure.
12. When the Federal changes are complete, repeat the above procedure for your
State changes.
13. From the PAYROLL menu, choose 5. PRIOR YEAR LIMITS and enter the
values you noted in step 7.
After completing the changes, review each table to insure no fields were left
blank or incorrect.
If you have any questions, please call Support Services at 1-800-996-9777.
You must have Adobe Reader to open these documents
2012 Payroll Tax Instructions in PDF Format
2012 Federal and State Tax Tables in PDF Format
Federal Tax Tables
State Tax Tables that have changed for 2012
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