You will need to change the Adjust settings for your Tax Categories and check mark the new stipend to be included, if you want that particular tax to deduct from those moneys along with Gross, as check marked items together create Adjusted Gross. For taxes that should not be taken on those moneys, there is nothing further that you need to do, as long as the stipend wasn't set up as a Pay Level and instead set up as an Employee Field.

Tammi M. Ermerins ([email protected])

Certified Sage 50/Peachtree Accounting & Crystal Reports Consultant & Trainer

800-780-0700 / 954-961-0600, Visit Us on the Web at https://pcosupport.com

Fringe benefit regarding paying monthly life insurance premium, in researching IRS website this $ is subject to payroll tax(FICA,Fed and St)please confirm?  Is the fringe benefit subject to Employer SS and Mcare tax??  

You should confirm that with your CPA. We cannot advise you, not knowing the specifics of your fringe benefit.

Tammi M. Ermerins ([email protected])

Certified Sage 50/Peachtree Accounting & Crystal Reports Consultant & Trainer

800-780-0700 / 954-961-0600, Visit Us on the Web at https://pcosupport.com