When making a one-time payment Everee offers three* types of tax methods. These options are:
Aggregation: uses an employee's current or previous payroll payment to determine a tax rate. For more information refer to the current IRS' Publication 15 Circular E.
Flat Rate: is simply the current flat tax rate of 22%. For more information refer to the current IRS' Publication 15 Circular E.
Optimized: Automatically chooses the tax method that results in the lowest tax rate. To establish this tax rate we calculate both the Aggregation rate and the Flat rate and automatically select the lowest rate.
*Note: Taxes do not apply to the Payment Type of Reimbursement