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Why is payroll cost and withdrawal amount different

AnnaBAnnaB Member Posts: 1

I am used to using Surepayroll. Why is payroll cost and withdrawal amount different?

in Payroll & Employees Technical Support

Comments

  • CharlotteCharlotte Member Posts: 671 admin

    Hi @AnnaB ! I believe you reached out to us on social media as well and my collleague on our Payroll team followed up with you. Just checking in to make sure all is well?

    Please do let us know if we can help with anything else, and feel free to join us in conversation again in the future. :)

  • caleadershipgroupcaleadershipgroup Member Posts: 1

    Hi Charlotte,
    Can you answer the same question for me?
    @hat is the difference between withdrawal amount and payroll cost?

  • superbsuperb Member Posts: 1

    I have the same question. Payroll cost and withdrawal amount are different.

    I think this is because of the taxes but where does that money go? You are just withholding it for tax purposes but it doesn't get withdraw?

  • AlexLAlexL Member Posts: 2,869 ✭✭✭

    Hey @caleadershipgroup + @superb . @superb has the right answer here. The difference would be tax. Depending on where you're located (Canada vs the US / tax service state vs non-tax service state) we have different setups for how your taxes are prepared. But if we file certain amounts on your behalf, then these amounts would be different.

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