Tax and Wage Reporting: Rounding of Wages

Pursuant to Act 423 of the 2001 Regular Session, rounding of employee wages and total wages became effective for the 3rd quarter 2001 tax and wage reporting period.  The wages of each employee reported by an employer on the Quarterly Wage & Tax Report (line 10 of paper report or position 203-213 of Magnetic Media Record Description, Section III (F)), if not an even dollar amount, shall be rounded to the nearest dollar amount (up or down - i.e., $1081.49 shall be rounded to $1081, and $1081.50 shall be rounded to $1082). Therefore, any amount of total wages for all employees reported on the Quarterly Wage & Tax Report (line 8) shall be an even dollar amount.

Example of Employer's Payroll:

Example of Employer's Payroll & how to report employee wages.
Example quarterly report of wages paid.

The handbook “Employer Guide to Magnetic Media Quarterly Wage Reporting” (PDF), is available on this Web site. Questions regarding quarterly wage reporting should be addressed to Gizelle Thompson, Wage Records Unit Supervisor, at (225) 342-2865.

Questions regarding the programming of magnetic media for quarterly wage reporting should be addressed to an IT Applications Programmer, at (225) 342-3247.