Withholding Tax Formula - 2016 Page 2
ADVERTISEMENT
1
2Income Tax Withholding Percentage Tax
Daily
Weekly
Bi‑Weekly
Rates
Payroll Period
Payroll Period
Payroll Period
1.5%
$ 0.00 to $ 4.00
$
0.00 to $ 20.00
$
0.00 to $ 38.50
2.0%
4.01 to
8.00
20.01 to
40.00
38.51 to
77.00
2.5%
8.01 to
12.00
40.01 to
60.00
77.01 to
115.50
12.01 to
16.00
60.01 to
80.00
115.51 to
154.00
3.0%
3.5%
16.01 to
20.00
80.01 to
100.00
154.01 to
192.50
20.01 to
24.00
100.01 to
120.00
192.51 to
231.00
4.0%
4.5%
24.01 to
28.00
120.01 to
140.00
231.01 to
269.50
28.01 to
32.00
140.01 to
160.00
269.51 to
308.00
5.0%
5.5%
32.01 to
36.00
160.01 to
180.00
308.01 to
346.50
6.0%
36.01 and over
180.01 and over
346.51 and over
Semi‑Monthly
Monthly
Annual
Payroll Period
Payroll Period
Payroll Period
$ 0.00 to $ 42.00
$
0.00 to $ 84.00
$
0.00 to $1,000.00
42.01 to
84.00
84.01 to
168.00
1,000.01 to
2,000.00
84.01 to
126.00
168.01 to
252.00
2,000.01 to
3,000.00
126.01 to
168.00
252.01 to
336.00
3,000.01 to
4,000.00
168.01 to
210.00
336.01 to
420.00
4,000.01 to
5,000.00
210.01 to
252.00
420.01 to
504.00
5,000.01 to
6,000.00
252.01 to
294.00
504.01 to
588.00
6,000.01 to
7,000.00
294.01 to
336.00
588.01 to
672.00
7,000.01 to
8,000.00
336.01 to
378.00
672.01 to
756.00
8,000.01 to 9,000.00
378.01 and over
756.01 and over
9,000.01 and over
Note: By agreement between the employee and the employer, the employee may designate additional withholding per pay period if he
or she expects to owe more than the amount withheld. Additional amount of withholding may be claimed on Line 6, of the Employer’s
Withholding Allowance Certificate (Form MO W‑4).
Missouri Withholding Formula Example
Income Tax Withholding Percentage Table
(Annual Payroll Period)
Employee is married claiming two allowances
(spouse works)
$1,000.00 x 1.5% = $15.00
$ 19,040.00
1,000.00 x 2.0
= 20.00
– 9,000.00
Annual Gross Income $30,000.00
1,000.00 x 2.5
= 25.00
$ 10,040.00
EXCESS
Annual Standard
1,000.00 x 3.0
= 30.00
x
6%
Deduction
– 6,300.00
(annual standard)
1,000.00 x 3.5
= 35.00
$
602.40
($12,600
2 = $6,300)
1,000.00 x 4.0
= 40.00
÷
1,000.00 x 4.5
= 45.00
$
602.40
Annual MO W-4
1,000.00 x 5.0
= 50.00
+ 315.00
Allowances
– 3,300.00
($2,100 for 1st
1,000.00 x 5.5
= 55.00
$
917.40 Annual
& $1,200 for 2nd)
$9,000.00
$ 315.00
Missouri
Federal Income Tax
Withholding
Withheld
– 1,360.00
$917.40 ÷ 12 = $76.00 Monthly Missouri Withholding
Missouri Taxable
(Rounded to the nearest
Income
$19,040.00
whole dollar.)
Tips
• Make employees aware of their option to change or update their Form MO W‑4.
• If employees have overtime pay, use the appropriate formula for supplemental pay withholding.
• If the employee is married, but spouse does not work, apply the full standard deduction and the total amount of
federal tax using the $10,000 maximum limit.
13
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial