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Informational Circular 03-P-028
Attachment
December 13, 2002
ADVANCE EARNED INCOME CREDIT
To determine the amount of advanced earned income credit use the following
tables. Do not deduct the withholding exemption from gross wages. All tables
listed below are for an Annual Payroll Period.
SINGLE PERSON OR HEAD OF HOUSEHOLD
|
|
|
| $0 |
$7,490.00 |
|
20.40% OF WAGES |
| $7,490.00 |
$13,730.00 |
|
$1,528.00 |
| $13,730.00 |
|
|
$1,528.00 LESS 9.588% OF WAGES IN EXCESS
OF $13,730.00 |
MARRIED WITHOUT SPOUSE FILING CERTIFICATE
| IF THE
AMOUNT OF WAGES (BEFORE DEDUCTING WITHHOLDING ALLOWANCES) IS: |
|
THE AMOUNT OF PAYMENT
TO BE MADE SHALL BE: |
| OVER |
BUT NOT OVER |
|
|
| $0 |
$7,490.00 |
|
20.40% OF WAGES |
| $7,490.00 |
$14,730.00 |
|
$1,528.00 |
| $14,730.00 |
|
|
$1,528.00 LESS 9.588% OF WAGES IN EXCESS
OF $14,730.00 |
MARRIED PERSON WITH BOTH SPOUSES FILING CERTIFICATE
| IF THE
AMOUNT OF WAGES (BEFORE DEDUCTING WITHHOLDING ALLOWANCES) IS: |
|
THE AMOUNT OF PAYMENT TO BE MADE SHALL BE: |
| OVER |
BUT NOT OVER |
|
|
| $0 |
$3,745.00 |
|
20.40% OF WAGES |
| $3,745.00 |
$7,365.00 |
|
$764.00 |
| $7,365.00 |
|
|
$764.00 LESS 9.588% OF WAGES IN EXCESS
OF $7,365.00 |
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