SMART HR Related News
CHECK DATE determines which TRA rate to use for the employer share.
Checks dated- 7/1/2020-6/30/2021 – 8.13%
Checks dated- 7/1/2021-6/30/2022 – 8.34%
When you calculate your payoff payroll please review your proof to ensure the correct TRA rate is being used for the employer share.
FOR CHECKS DATED JUNE the calculation should use 8.13% for employer share of TRA.
FOR CHECKS DATED JULY OR AUGUST the calculation should use 8.34%.