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Microsoft Dynamics GP (Archived)

Taxing Employer Contributions

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How do I set in Microsoft GP to tax an employee for their employer contribution for their 457(b) plan? Employer contributions to 457(b) plans are considered by the IRS to be deferred compensation, so they are subject to Social Security and Medicare (FICA) taxes. How do I tax an employee for this on their paycheck?

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  • Suggested answer
    L Vail Profile Picture
    65,271 on at
    RE: Taxing Employer Contributions

    You would set up a benefit and make it taxable. Just click the checkboxes of the applicable taxes and put it in the correct box on the Form W-2.

    Leslie

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