Social Security (FICA-SS) and Medicare (FICA-MC) will be displayed as ZEROS on the Tax Deposit and 941 reports if you have not yet updated your tax formulas for the New Year. See: Update Tax Formulas

If needed, you can manually calculate the amount. Take the earnings (from the top section of the report) and multiply by .062 for Social Security (6.2%) and .0145 for Medicare (1.45%). Since these are split between the employee and employer, the total amount for Social Security ends up being 12.4% (6.2% each) and for Medicare it’s 2.90% (1.45% each).

tax-deposit-zeros

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