Form Nc-30 - Income Tax Withholding Tables And Instructions For Employers - North Carolina - 2017 Page 17
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46Example:
An unmarried employee is paid $450.00 weekly. This employee has in effect a Form NC-4 or Form NC-4EZ claiming single
with two withholding allowances. Using the percentage method, figure the income tax to withhold as follows:
$450.00
1.
Enter weekly wages
__________________
$168.27
2.
Weekly portion of standard deduction
_______________
$96.16
3.
Multiply the number of allowances by $48.08
_______________
$264.43
4.
Add lines 2 and 3
__________________
$185.57
5.
Net weekly wages. Subtract line 4 from line 1
__________________
$10.00
6.
Tax to be withheld each payroll period. Multiply line 5 by .05599
__________________
Annualized Method - Formula Tables for Annualized Method Withholding Computations
(Round off the final result of calculations to the nearest whole dollar.)
Single Person, Married Person, or Surviving Spouse
1. Enter wages for current payroll period
_________________
2. Enter number of payroll periods
_________________
3. Annualized wages. Multiply line 1 by line 2
______________________
$8,750.00
4. Standard deduction
_________________
5. Multiply the number of allowances by $2,500.00
_________________
6. Add lines 4 and 5
______________________
7. Net annualized wages. Subtract line 6 from line 3
______________________
8. Annualized tax. Multiply line 7 by .05599
______________________
9. Enter the number of payroll periods from line 2
______________________
10. Tax to be withheld each payroll period. Divide line 8 by line 9
______________________
Head of Household
1. Enter wages for current payroll period
_________________
2. Enter number of payroll periods
_________________
3. Annualized wages. Multiply line 1 by line 2
______________________
$14,000.00
4. Standard deduction
_________________
5. Multiply the number of allowances by $2,500.00
_________________
6. Add lines 4 and 5
______________________
7. Net annualized wages. Subtract line 6 from line 3
______________________
8. Annualized tax. Multiply line 7 by .05599
______________________
9. Enter the number of payroll periods from line 2
______________________
10. Tax to be withheld each payroll period. Divide line 8 by line 9
______________________
Page 17
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