Open Window Budget Form Worksheet - Instructions 2020 …
FICA is calculated automatically with a formula embedded in the spreadsheet. Current FICA calculations are 6.2% in Social Security up to $142,800 in salary (effective 1/1/21) and 1.45% in Medicare with no limit. In each yellow cell, enter the total ANNUAL fringe rates for each staff. Do NOT prorate the fringe amounts in the yellow cells. ................
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