Collecting overpaid wages in subsequent years
We realize that Gross should be paid back if employee repays an overpayment in subsequent years.
Without our knowledge management and HR have agreed to collect Gross less Fica/Medicare.
NET - 2019 6,535.00
Employee pays back
(765.00) Less Fica/Med
Repaid in 2020 $9,235.00
There is No chance for us to recoop the additional dollars. How would you prepare the Employees W2c
Your time, assistance and guidance is much appreciated.