Forms 956 And 956-W Instructions - Idaho Income Tax Withholding Annual Reconciliation Page 4

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Form 96-T is found in the Idaho Magnetic Media Specifications booklet, on the
Commission’s Web site, or can be obtained by calling (208) 334-7787. If a completed
Form 96-T is not received, the magnetic media may be returned to you and a penalty
charged for late filing of the Forms W-2.
Computing the Amount of
Idaho Income Tax Withholding
Percentage Computation Method
Multiply the allowance value for the appropriate payroll period (See Table 1) by the
number of allowances claimed on the Form W-4 and subtract this amount from the
employee’s wages. Use the result to compute the amount to withhold using the appro-
priate tables on pages 27-29.
The percentage computation method may be the most useful method to use when
programming the withholding table for your computer.
Table 1
ALLOWANCE VALUE TABLE
Payroll
One Withholding
Period
Allowance
Weekly . . . . . . . . . . . . . . . . . . . . . . . . . $
54.00
Biweekly . . . . . . . . . . . . . . . . . . . . . . . . $ 108.00
Semimonthly . . . . . . . . . . . . . . . . . . . . $ 117.00
Monthly . . . . . . . . . . . . . . . . . . . . . . . . $ 233.00
Annual . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,800.00
Daily/Misc. . . . . . . . . . . . . . . . . . . . . . . $
11.00 (each day)
Example:
An unmarried employee is paid $586 biweekly and claims two withholding allowances
on the W-4. Using the percentage method, compute the withholding tax as follows:
1. Total wage payment
$586.00
2. One allowance (from the Allowance Value Table above)
$108.00
3. Allowances claimed on W-4
x
.02
4. Multiply line 2 by line 3
$216.00
5. Amount subject to withholding
(subtract total allowances, line 4, from wages, line 1)
$370.00
6. Tax to be withheld (tables from pages 27-29)
$ 17.00
($16.00 on $356, + $1.08 on remaining $14.00) Remember to round.
24
A Guide to Idaho Income Tax Withholding

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