272
401k max contribution
QuickBooks Payroll
6/12/09 5:37 PM, Viewed by asker 6/17/09 11:38 AM
Total Views: 539
6/12/09 5:37 PM, Viewed by asker 6/17/09 11:38 AM
Total Views: 539
Why is my employee 401k contribution max out at $15500? I though IRS guidelines were $16000. When I put in the additional $500, it is not taken out of the employee's pay.
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All Replies: Answers (1)
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Solved!
6/13/09 10:02 PM
You need to edit the payroll item and check to see if the limit there is current. You maintain this, not QB. Also, you can put a limit on an employee's Payroll & Compensation tab, for when someone qualifies for the makeup amount. If you set a limit in BOTH places, QB will use the lower of the two. So, set up the payroll item with $0 and set employees specifically, to avoid a conflict, if you have more than one limit.
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