On the “Earnings & Withholding” tab, I enter the earnings from my job with the next data:
- wage
- All yr
- Twice month-to-month
- Most up-to-date pay interval finish 2/28/2025
- Most up-to-date pay date 3/13/2025
- Wages per pay interval $6,875.00
- Wages yr up to now $34,166.67
I made 165,000 a yr, however it tasks my earnings can be $157,916. The one supply of discrepancy I consider is that final yr I made $160,000, and perhaps a few of that charge spilled over into the primary paycheck of this yr, however there is not any means that that may account for a distinction of $7,000. How is that this instrument calculating that determine?