Sage Construction & Real Estate

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Roth IRA Payroll Deduction

Posted By Angie Parker 2 months ago

Hi - Has anyone set up a payroll deduction for a Roth IRA? I am trying to see how to set up the deduction to be based on their gross pay after taxes. Thank you!

0 Rhonda V 2 months ago

Gross wages less taxes is referred to as Disposable Wages and often used for various types of garnishments. The article attached shows how to make a formula to figure disposable wages and then apply another formula to apply the amount you want to deduct. I think this might help you. https://us-kb.sage.com/portal/app/portlets/results/viewsolution.jsp?solutionid=222924750022513&page=1&position=0&q=disposable%20wages
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Sage Construction & Real Estate

Roth IRA Payroll Deduction

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