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Informational Circular 07-P-015
Attachment
December 6, 2006
TABLES FOR PERCENTAGE METHOD OF WITHHOLDING
ALL PAY PERIODS
SINGLE PERSON INCLUDING HEAD OF HOUSEHOLD
DETERMINING FEDERAL TAX TO BE WITHHELD
To determine the amount of federal withholding tax, first multiply the taxable gross
wages by the number of pay periods in a year to get the annual wage. Subtract the
value of exemptions allowed (determined by multiplying $3,400.00 times the number of exemptions
claimed) from the annual wage. Then determine federal withholding tax on the balance
of annual gross wages, after deducting value of exemptions, by applying tax table below
to remainder of the annual taxable gross wages. The amount of tax is then divided
by the number of pay periods to arrive at the amount of federal withholding tax to be
deducted per pay period.
|
|
|
|
|
|
| $
0.00 |
|
$ 2,650.00 |
|
$
.00 |
|
|
| $ 2,650.00 |
|
$ 10,120.00 |
|
$
.00 |
PLUS 10 % |
$ 2,650.00 |
| $ 10,120.00 |
|
$ 33,520.00 |
|
$ 747.00 |
PLUS 15 % |
$ 10,120.00 |
| $ 33,520.00 |
|
$ 77,075.00 |
|
$ 4,257.00 |
PLUS 25 % |
$ 33,520.00 |
| $ 77,075.00 |
|
$162,800.00 |
|
$ 15,145.75 |
PLUS 28 % |
$ 77,075.00 |
| $162,800.00 |
|
$351,650.00 |
|
$ 39,148.75 |
PLUS 33 % |
$162,800.00 |
| $351,650.00 |
|
|
|
$101,469.25 |
PLUS 35 % |
$351,650.00 |
ALL PAY PERIODS
MARRIED PERSON
DETERMINING FEDERAL TAX TO BE WITHHELD
To determine the amount of federal withholding tax, first multiply the taxable gross
wages by the number of pay periods in a year to get the annual wage. Subtract the
value of exemptions allowed (determined by multiplying $3,400.00 times the number of exemptions
claimed) from the annual wage. Then determine federal withholding tax on the balance
of annual gross wages, after deducting value of exemptions, by applying tax table below
to remainder of the annual taxable gross wages. The amount of tax is then divided
by the number of pay periods to arrive at the amount of federal withholding tax to be
deducted per pay period.
| WAGES LESS EXEMPTIONS: |
|
INCOME TAX TO BE WITHHELD: |
| OVER |
BUT NOT OVER |
|
|
OF EXCESS OVER |
|
|
|
| $
0.00 |
|
$
8,000.00 |
|
$
.00 |
|
|
| $ 8,000.00 |
|
$ 23,350.00 |
|
$
.00 |
PLUS 10 % |
$
8,000.00 |
| $ 23,350.00 |
|
$ 70,700.00 |
|
$ 1,535.00 |
PLUS 15 % |
$ 23,350.00 |
| $ 70,700.00 |
|
$133,800.00 |
|
$ 8,637.50 |
PLUS 25 % |
$ 70,700.00 |
| $133,800.00 |
|
$203,150.00 |
|
$24,412.50 |
PLUS 28 % |
$133,80.00 |
| $203,150.00 |
|
$357,000.00 |
|
$43,830.50 |
PLUS 33 % |
$203,150.00 |
| $357,00000 |
|
|
|
$94,601.00 |
PLUS 35 % |
$357,000.00 |
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