Payroll – New Tax Rates

We found a bug in the new 2011 payroll FICA social security rates. Generating the payrolls works properly, but when updating to the G/L the employer expense journal entry was posting the same amount as the employee deduction for 2011. The new employee deduction rate for 2011 is 4.2% but the employer expense rate is still 6.2%.. This error was corrected in version 4697.

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