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| TAXABLE WAGE | WITHHOLDING DEDUCTION | ||||
| $5,000 or less | WD |
= |
TW x .005 PP |
x | 1.615 |
| More than $5,000 but not more than $10,000 | WD |
= | (TW - 5000) x .01 + $25.00 PP |
x | 1.615 |
| More than $10,000 but not more than $15,000 | WD |
= | (TW - 10000) x .02 + $75.00 PP |
x | 1.615 |
| More than $15,000 but not more than $20,000 | WD |
= | (TW - 15000) x .025 + $175.00 PP |
x | 1.615 |
| More than $20,000 but not more than $40,000 | WD |
= | (TW - 20000) x .03 + $300.00 PP |
x | 1.615 |
| More than $40,000 but not more than $80,000 | WD |
= | (TW - 40000) x .035 + $900.00 PP |
x | 1.615 |
| More than $80,000 but not more than $100,000 | WD |
= | (TW - 80000) x .04 + $2300.00 PP |
x | 1.615 |
| More than $100,000 | WD |
= | (TW - 100000) x .05 + $3100.00 PP |
x | 1.615 |
| PP - the number of pay periods per year | |||||
| TW - taxable wage | |||||
| WD - withholding deduction | |||||
In order to determine the employee's taxable wage, use the following formula:
TW = (pay per period x PP) - ($650 x number of exemptions)
