Step 2. Verify the pay code information

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  Carefully review the information stored in the Pay Codes table. The application uses the pay codes stored in the Pay Code table to calculate employee and employer amounts on quarterly reports, annual reports, W-2s, and so on. [More] In this webinar, ...

• 2a. Verify pay code rates and limits

  Start by reviewing the rates and limits for the employee and employer portions on the Social Security and Medicare pay codes that the Payroll application will use to calculate amounts to close the payroll year. And then, review the rates and limits ...

• 6d. Verify the organization's W-2 information

  Verifying the organization's W-2 information will help you make sure the converted W-2 information is correct in the Government Reporting Organization table. Connect uses the information in the Government Reporting application to print W-2s and ...

• 2b. Verify ID numbers for federal and state pay codes

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• 2c. Review the subject to pay codes

  If you have pay codes that are subject to or exempt from tax, follow these steps to verify that the pay codes that are subject to Social Security, Medicare, Federal Withholding Tax, and State Withholding Tax have the tax pay codes included in the ...