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Informational Circular 02-P-024
Attachment 1
December 5, 2001
SCHEDULE A (FEDERAL WITHHOLDING TAX)
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
$3,000.00 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 |
|
$ 8,550.00 |
|
$
.00 |
PLUS 10 % |
$ 2,650.00 |
|
$ 8,550.00 |
|
$ 29,650.00 |
|
$ 590.00 |
PLUS 15 % |
$ 8,550.00 |
|
$ 29,650.00 |
|
$ 64,820.00 |
|
$ 3,755.00 |
PLUS 27 % |
$ 29,650.00 |
| $ 64,820.00 |
|
$142,950.00 |
|
$13,250.90 |
PLUS 30 % |
$ 64,820.00 |
| $142,950.00 |
|
$308,750.00 |
|
$36,689.90 |
PLUS 35 % |
$142,950.00 |
| $308,750.00 |
|
|
|
$94,719.90 |
PLUS 38.6 % |
$308,750.00 |
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 $3,000.00 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 |
|
$ 6,450.00 |
|
$
.00 |
|
|
| $ 6,450.00 |
|
$ 18,450.00 |
|
$ .00 |
PLUS 10 % |
$ 6,450.00 |
| $ 18,450.00 |
|
$ 51,550.00 |
|
$ 1,200.00 |
PLUS 15 % |
$ 18,450.00 |
| $ 51,550.00 |
|
$109,700.00 |
|
$ 6,165.00 |
PLUS 27 % |
$ 51,550.00 |
| $109,700.00 |
|
$176,800.00 |
|
$21,865.50 |
PLUS 30 % |
$109,700.00 |
| $176,800.00 |
|
$311,900.00 |
|
$41,995.50 |
PLUS 35 % |
$176,800.00 |
| $311,900.00 |
|
|
|
$89,280.50 |
PLUS 38.6 % |
$311,900.00 |
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