How to set up this payroll item?
I need to set up a payroll item that is a deduction for a 401 (a) retirement plan contribution. It needs to report in box 14 on the W2, come out after FICA, but before State and Federal Withholding taxes. How do I set this up? Also, when choosing the taxes that are affected by the payroll item, if the tax is checked, does that mean the deduction will come up before those taxes are applied? Or after? I've been told both ways by the Intuit people.