FICA Tip Credit Report

Use this form to generate a report to identify the employer portion of Social Security taxes paid on employee tips to be used for tax credits/offsets for a single client.

Note:   

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Worksite Managers, Worksite Trusted Advisors, and Service Providers can access the form.

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Client Access Group Security and Data Entity security is enabled on this form.

 

To access the form, click Reports. Under Payroll|Report, click FICA Tip Credit Report.

To generate the FICA Tip Credit Report:

1.

Complete the Report Period using one of the following:

Field Name	Description
Payroll Number	Enter the payroll number of click the Payroll Number link and select one from the Select Payroll Batches dialog box for which you want to run this report OR
Pay Date Range	Start Date - Enter the starting pay date for which you want to run this report. End Date - Enter the ending pay date for which you want to run this report.

2.

Complete the following Parameters:

Field Name	Description
FICA Tip Credit Calculate Rate	7.25 - This field is pre-populated with the required rate.
Credit Percentage	Enter 7.65. This is the combined percentage of employer paid social security and Medicare tax rate at this time.

3.

Click Run to generate the report. The report shows up on screen. Click XLS to download the report.

4.

Click Clear to clear the form at any time.

5.

Click Close to close this form.

 

This report shows the following columns:

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Employee Name

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Employee ID

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Employee No.

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Regular Hours - Regular Hours worked.

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O/T Hours - Overtime Hours worked.

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Regular Pay

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O/T Pay - Overtime Pay.

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Total Tips - Total tips received for the pay period or in the payroll number for that client.

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Reg Wage Over Min - Regular Wage over Minimum Wage.

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O/T Wage Over Min - Overtime Wage Over Minimum Wage.

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Tips Over Minimum

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Tip Credit