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Simplified Charts for Percentage Method Income Tax Withholding 2012

One Withholding Allowance


73.08 146.15 158.33 316.67 950.00 1,900.00 3,800.00 14.62

Payroll Period
Weekly Biweekly Semimonthly Monthly Quarterly Semiannually Annually Daily or miscellaneous (each day of the payroll period)

MJC Revised 12/2011

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Simplified Charts for Percentage Method Income Tax Withholding 2012


Table 1 WEEKLY Payroll Period
(a)Single person(including head of household) If the amount of wages (after subtracting withholding allowances) is: Over--But not over Amount of income tax to withhold Base Tax $0 $0 $16.80 $93.60 $335.35 $836.27 $2,167.16 Rate 00% 10% 15% 25% 28% 33% 35% Rate time wages in excess of base Base taxable wages $0 $41 $209 $721 $1,688 $3,477 $7,510 (b)MARRIED person If the amount of wages (after subtracting withholding allowances) is: Over--But not over Amount of income tax to withhold Base Tax $0 $0 $33.40 $187.15 $533.40 $936.04 $2,020.42 Rate 00% 10% 15% 25% 28% 33% 35% Rate time wages in excess of base Base taxable wages $0 $156 $490 $1,515 $2,900 $4,338 $7,624

Taxable wages $0 $41 $41 $209 $209 $721 $721 $1,688 $1,688 $3,477 $3,477 $7,510 $7,510

Taxable wages $0 $156 $156 $490 $490 $1,515 $1,515 $2,900 $2,900 $4,338 $4,338 $7,624 $7,624

Table 2 BIWEEKLY Payroll Period


(a)Single person(including head of household) If the amount of wages (after subtracting withholding allowances) is: But not Amount of income Rate time wages in Over--over tax to withhold excess of base Taxable wages Base Tax Rate Base Earnings $0 $83 $0 00% $0 $83 $417 $0 10% $83 $417 $1,442 $33.40 15% $417 $1,442 $3,377 $187.15 25% $1,442 $3,377 $6,954 $670.90 28% $3,377 $6,954 $15,019 $1,672.46 33% $6,954 $15,019 $4,333.91 35% $15,019 (a)Single person(including head of household) If the amount of wages (after subtracting withholding allowances) is: But not Amount of income Rate time wages in Over--over tax to withhold excess of base Taxable wages Base Tax Rate Base Earnings $0 $90 $0 00% $0 $90 $452 $0 10% $90 $452 $1,563 $36.20 15% $452 $1,563 $3,658 $202.85 25% $1,563 $3,658 $7,533 $726.60 28% $3,658 $7,533 $16,271 $1,811.60 33% $7,533 $16,271 $4,695.14 35% $16,271 (a)Single person(including head of household) If the amount of wages (after subtracting withholding allowances) is: But not Amount of income Rate time wages in Over--over tax to withhold excess of base Taxable wages Base Tax Rate Base Earnings $0 $179 $0 $0 00% $179 $904 $0 $179 10% $904 $3,125 $72.50 $904 15% $3,125 $7,317 $405.65 $3,125 25% $7,317 $15,067 $1,453.65 $7,317 28% $15,067 $32,542 $3,623.65 $15,067 33% $32,542 $9,390.40 $32,542 35% (b)MARRIED person If the amount of wages (after subtracting withholding allowances) is: But not Amount of income Rate time wages in Over--over tax to withhold excess of base Taxable wages Base Tax Rate Base taxable wages $0 $312 $0 00% $0 $312 $981 $0 10% $312 $981 $3,031 $66.90 15% $981 $3,031 $5,800 $374.40 25% $3,031 $5,800 $8,675 $1,066.65 28% $5,800 $8,675 $15,248 $1,871.65 33% $8,675 $15,248 $4,040.74 35% $15,248 (b)MARRIED person If the amount of wages (after subtracting withholding allowances) is: But not Amount of income Rate time wages in Over--over tax to withhold excess of base Taxable wages Base Tax Rate Base taxable wages $0 $338 $0 00% $0 $338 $1,063 $0 10% $338 $1,063 $3,283 $72.50 15% $1,063 $3,283 $6,283 $405.50 25% $3,283 $6,283 $9,398 $1,155.50 28% $6,283 $9,398 $16,519 $2,027.70 33% $9,398 $16,519 $4,377.63 35% $16,519 (b)MARRIED person If the amount of wages (after subtracting withholding allowances) is: But not Amount of income Rate time wages in Over--over tax to withhold excess of base Taxable wages Base Tax Rate Base taxable wages $0 $675 $0 00% $0 $675 $2,125 $0 10% $675 $2,125 $6,567 $145.00 15% $2,125 $6,567 $12,567 $811.30 25% $6,567 $12,567 $18,796 $2,311.30 28% $12,567 $18,796 $33,038 $4,055.42 33% $18,796 $33,038 $8,755.28 35% $33,038

Table 3 SEMIMONTHLY Payroll Period

Table 4 MONTHLY Payroll Period

MJC Revised 12/2011

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Simplified Charts for Percentage Method Income Tax Withholding 2012


Formula to calculate FIT Taxes Example 1
A single head of household employee, who declared one allowances, earning $11.68 per hour for eighty hours with biweekly pay periods will pay X amount of dollars in federal income taxes. Step 1: Calculate the dollar amount of allowance deductions: Dollar amount of allowance times number of deductions declared equal allowance deduction from gross pay. Allowance Number of Deductions Deduct from gross pay $146.15 1 $146.15 Step 2: Calculate dollar amount of gross pay: Hours worked biweekly times wage per hour rate equals total gross pay. Hours Pay Rate Per hour Total gross pay 80 $11.68 $934.40 Step 3: Federal income tax calculation: Gross Wages Dollar amount of allowance deduction Wages after deduction of allowances Less Base taxable wages Amount of wages in excess of base taxable wages Times rate for excess of base taxable wages Taxes on wages in excess of base taxable wages Plus: Base Tax from chart Federal Income Tax $934.40 146.15 788.25 417.00 371.25 15% 55.69 33.40 $89.09

Step 4: Percentage of gross wages Federal income tax 89.09 Gross Wages 934.40 Percentage of 9.53 %

MJC Revised 12/2011

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Simplified Charts for Percentage Method Income Tax Withholding 2012


Formula to calculate FIT Taxes Example 2
A married employee, who declared three allowances, earning $35.00 per hour for eighty hours with biweekly pay periods will pay X amount of dollars in federal income taxes. Step 1: Calculate the dollar amount of allowance deductions: Dollar amount of allowance times number of deductions declared equal allowance deduction from gross pay. Allowance Number of Deductions Deduct from gross pay $146.15 3 $438.45 Step 2: Calculate dollar amount of gross pay: Hours worked biweekly times wage per hour rate equals total gross pay. Hours Pay Rate Per hour Total gross pay 80 $35.00 $2,800 Step 3: Federal income tax calculation: Gross Wages Dollar amount of allowance deduction Wages after deduction of allowances Less: Base taxable wages Amount of wages in excess of base taxable wages Times rate for excess of base taxable wages Taxes on wages in excess of base taxable wages Plus: Base Tax from chart Federal income tax $2,800.00 438.45 2,361.55 981.00 1,380.55 15% 207.08 66.90 $273.98

Step 4: Percentage of gross wages Federal income tax 273.95 Gross Wages 2,800.00 Percentage of 9.78 %

MJC Revised 12/2011

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