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Informational Circular 03-P-046
Attachment
June 3, 2003
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 $3,100.00 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 |
|
$ 9,700.00 |
|
$
.00 |
PLUS 10 % |
$ 2,650.00 |
|
$ 9,700.00 |
|
$ 30,800.00 |
|
$ 705.00 |
PLUS 15 % |
$ 9,700.00 |
|
$ 30,800.00 |
|
$
68,500.00 |
|
$ 3,870.00 |
PLUS 25 % |
$ 30,800.00 |
| $ 68,500.00 |
|
$148,700.00 |
|
$13,295.00 |
PLUS 28 % |
$ 68,500.00 |
| $148,700.00 |
|
$321,200.00 |
|
$35,751.00 |
PLUS 33 % |
$148,700.00 |
| $321,200.00 |
|
|
|
$92,676.00 |
PLUS 35 % |
$321,200.00 |
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 $3,100.00 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 |
|
$
22,300.00 |
|
$ .00 |
PLUS 10 % |
$
8,000.00 |
| $ 22,300.00 |
|
$
64,750.00 |
|
$ 1,430.00 |
PLUS 15 % |
$ 22,300.00 |
| $ 64,750.00 |
|
$118,050.00 |
|
$ 7,797.50 |
PLUS 25 % |
$ 64,750.00 |
| $118,050.00 |
|
$185,550.00 |
|
$21,122.50 |
PLUS 28 % |
$118,050.00 |
| $185,550.00 |
|
$326,100.00 |
|
$40,022.50 |
PLUS 33 % |
$185,550.00 |
| $326,100.00 |
|
|
|
$86,404.00 |
PLUS 35 % |
$326,100.00 |
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