RPPC Inc – This report shows the total wages, taxes withheld, deductionsfrom net pay, additions to net pay, and company-paid taxes andcontributions for each employee on your payroll.
In the report, Gross Pay includes commissions and additions suchas bonuses or tips. Adjusted Gross Pay is gross pay minus anypre-tax deductions such as an employee contribution to a 401(k)plan. Net Pay is the amount paid to the employee after taxes, and after any adjustments for after-tax deductions (such as a loanpayment) or additions (such as reimbursed travel expenses).
The Employer Taxes and Contributions section of the report showsamount accrued during the period covered by the report, regardlessof whether your company paid them.
For more information on the QuickBooks®Payroll Smmary Report, please call RPPC at 816.304.4398