SMART HR Related News
CHECK DATE determines which TRA rate to use for employer and employee share. Employer Share-Fiscal Year 2023-7/1/2022-6/30/2023 – 8.55% Employer Share: Fiscal Year 2024-7/1/2023-6/30/2024 – 8.75% Employee Share-Fiscal Year 2023-7/1/2022-6/30/2023 – 7.50% Employee Share: Fiscal Year 2024-7/1/2023-6/30/2024 – 7.75% When you calculate your payoff payroll please review your proof to ensure the correct TRA rate is being used based on your check dates.