Federal Income Tax withholdings

Schoolfi utilizes Worksheet 1A and the Percentage Method tables contained in IRS Publication 15-T (https://www.irs.gov/pub/irs-pdf/p15t.pdf) to figure the federal income tax withholding on a pay cycle-by-pay cycle basis.

Please note that the Payroll Department can provide an employee with a Federal Income Tax Withholding deduction calculation audit report that will detail the assumptions utilized for any given pay cycle and the audit report will contain the information to review and/or verify your Federal Income Tax withholdings in accordance with the parameters set forth in the Percentage Method tables contained in IRS Publication 15-T.

In addition, the audit can be reviewed / generated by clicking on an individuals Payroll >>> Audit tab and selecting the pay cycle in yellow.  

Scroll down to the FIT deduction and click on the noted box

Alternatively, you can run the Deduction Calculation Audit Report for the Federal Income Tax deduction for any individual and any payroll.