Annual wages up to $50,000
Single with less than 3 allowances
BASE = wages - federal tax withheld (not to exceed $6,550) - standard deduction ($2,175[S])
0 - 3,400 WH = 197 + [BASE x 0.05] - (197 * allowances)
3,400 - 8,500 WH = 367 + [(BASE - 3,400) * 0.07] - (197 * allowances)
8,500 - 50,000 WH = 724 + [(BASE - 8,500) * 0.09] - (197 * allowances)
Annual wages up to $50,000
Married, or single with 3 or more allowances
BASE = wages - federal tax withheld (not to exceed $6,550) - standard deduction ($4,350[M])
0 - 6,800 WH = 197 + [BASE * 0.05] - (197 x allowances)
6,800 - 17,000 WH = 537 + [(BASE - 6,800) * 0.07] - (197 * allowances)
17,000 - 50,000 WH = 1,251 + [(BASE - 17,000) * 0.09] - (197 * allowances)
Annual wages over $50,000
Single with less than 3 allowances
BASE = wages - federal tax withheld (not to exceed [PHASE OUT]) - standard deduction ($2,175[S])
[S] PHASE OUT = wages = $50,000 and < $125,000 = $6,550 wages = $125,000 and < $130,000 = $5,200 wages = $130,000 and < $135,000 = $3,900 wages = $135,000 and < $140,000 = $2,600 wages = $140,000 and < $145,000 = $1,300 wages = $145,000 = $0
41,275 - 125,000 WH = 527 + [(BASE - 8,500) * 0.09)] - (197 * allowances) 125,000 & over WH = 11,012 + [(BASE - 125,000) x 0.099] - (197 * allowances)
Annual wages over $50,000
Married, or single with 3 or more allowances
BASE = wages - federal tax withheld (not to exceed [PHASE OUT]) - standard deduction ($4,350[M])
[M] PHASE OUT = wages = $50,000 and < $250,000 = $6,550 wages = $250,000 and < $260,000 = $5,200 wages = $260,000 and < $270,000 = $3,900 wages = $270,000 and < $280,000 = $2,600 wages = $280,000 and < $290,000 = $1,300 wages = $290,000 = $0
[S] PHASE OUT = wages = $50,000 and < $125,000 = $6,550 wages = $125,000 and < $130,000 = $5,200 wages = $130,000 and < $135,000 = $3,900 wages = $135,000 and < $140,000 = $2,600 wages = $140,000 and < $145,000 = $1,300 wages = $145,000 = $0
39,100 - 250,000 WH = 1,054 + [(BASE - 17,000) * 0.09)] - (197 * allowances) 250,000 & over WH = 22,024 + [(BASE - 250,000) x 0.099] - (197 * allowances)
Worker's Benefit Fund: 3.30 cents per hour or partial hour worked. Employers must pay at least half of the amount (1.65 cents per hour)
Note(s):
Suburban Computer Services, Inc
Phone: (586) 465-7838
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