If a portion of /701 taxable wages were not withheld in 2009, is it possible that in 2010 payroll first period, this underwithheld wages from 2009 can cross over to 2010 pay period?
In our system I see that, for the first payroll in 2010, the /101 wages are calculated correctly as per the earnings in that period but the /701 is really large number as if it is bringing the wages forward from previous year. The /401 is also incorrect. Hoping someone could throw light on this.
Thanks,
Min