401K

Question

Our company just switched to a 401K plan and I am trying to set it up in business works. I think I have everything set up right but I have questions on taxes. I have a deduction for the employer contribution (that has no taxes checked), a standard employee contribution (which has OASDI and medicare taxes checked), and a roth employee contribution (which has all taxes checked). Are these taxes correct for the different contributions? I am using business works 2011. 
 
 Thank you

Janice Carnarvon · Answer

Sage Customer Support does not provide assistance for issues related to state or federal tax-related questions, or specific accounting questions. Please check with a tax advisor or Plan Administrator for the plan's specific tax requirements.

Janice Carnarvon · Answer

Yes employer deductions can show on check stubs. Go to Payroll, Utilities, Maintain Payroll Parameters and click on Checks... in the lower right hand side of the screen. Check the box "Company paid deductions on stubs".

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