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Former Member
Jul 28, 2016 at 08:53 PM

Issue with Newjersy Payroll taxes (/425)

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Hi Experts,

We are facing an issue with Health,Disability and Workforce development tax for New jersy state employees.

Recently we rolled out for New Jersy employees.

In the Deductions side of Payslip for New jersy are showing the value for NJ EE Health and Disability & Workforce developments as $17.63 and Employee family leave insurance as $2.00.

But as per the new rates of state of New jersy, Employee contribution rates are Unemployment 0.003825, workforce development as .000425 and Disability rate is .002. The regular salary is $2500. System has to calculate NJ EE Health,Disability,Workforce dev as

2500* (0.003825+.000425+0.002) = $ 15.63

But somehow system is calculating as $ 17.63

In the RT, /425 is showing as $17.63

Are these values are populating from BSI tax factory.

What could be the reason for the diiference.

Could you please advice us to resolve the issue.

Regards,

Sairam.