FICA and FICA/Med; EE and ER Taxes off by $.01 (one penny) after 7.51 upgrade

Posted October 5, 2001.
PeopleSoft HRMS Known Issues and Information:

FICA and FICA/Med; EE and ER Taxes off by $.01 (one penny) after 7.51 upgrade

This is a known PeopleSoft 7.5 conversion issue in which the YTD gross balances were not converted correctly, throwing off the calculation of the next ER calculation due to rounding.Ê Once both EE and ER YTD taxable balances are in synch and equal this penny difference should not occur.

If you have any questions, please contact OIIT Customer Services at 1-888-875-3697 ( HelpDesk@PeachNet.EDU) or visit the USG-EAS-HRMS/ GeorgiaFIRST Website: http://www.usg.edu:8087/HRMS