W-2 Compute FICA
File Compute FICA
If the Compute FICA indicator is checked on the W-2 Setup page of a client's master record, the Compute FICA button,
is enabled on that client's Form W-2. If enabled, Account Ability can compute Social Security Wages, Social Security Tax, Medicare Wages, and Medicare Tax based upon the Gross Wages, Social Security Tips, and Deferred Compensation you enter on each employee's Form W-2.
To compute an employee's FICA, complete the applicable boxes on an employee's W-2. Then,