- Medicare Employee

Medicare Employee type payroll items are used to track the withheld portion of medicare tax. You may have only one item of this type in a company file.

Lookup—Enter a brief identifier for the payroll item. It can be any desired alphanumeric combination. Each Lookup must be unique. It should not be more than seven characters.

Description—Enter a meaningful description in this field. 

Liability Account—Select the appropriate general ledger account that should be credited for the deduction. Any type of account may be selected. If you want the system to create a payable invoice for this deduction, you must select a liability classification account.
 

Payable To—Select the desired payee if you want the system to create a payable invoice for this deduction.