Form Nc-30 - Income Tax Withholding Tables And Instructions For Employers - North Carolina - 2017 Page 18
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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-4 EZ claiming single
with two withholding allowances. Using the annualized wages method, figure the income tax to withhold as follows:
$450.00
1. Enter wages for current payroll period
__________________
52
2. Enter number of payroll periods
__________________
$23,400.00
3. Annualized wages. Multiply line 1 by line 2
__________________
$8,750.00
4. Standard deduction
_______________
$5,000.00
5. Multiply the number of allowances by $2,500.00
_______________
$13,750.00
6. Add lines 4 and 5
__________________
$9,650.00
7. Net annualized wages. Subtract line 6 from line 3
__________________
$540.30
8. Annualized tax. Multiply line 7 by .05599
__________________
52
9. Enter the number of payroll periods from line 2
__________________
10. Tax to be withheld each payroll period. Divide line 8 by line 9
__________________
$10.00
Withholding Allowance Chart
27� Wage Bracket Tables
The wage bracket tables begin on the next page. Using
this method of withholding, select the table which corresponds
Payroll Period
Amount for one Allowance
with the employee’s filing status (married, single, head of
household, surviving spouse) as shown on the NC-4 or NC-4
EZ and your payroll period (weekly, biweekly, semimonthly,
monthly). Locate the gross wages in the left hand column and
Weekly
$48.08
follow across to the column which corresponds to the number
of withholding allowances claimed by the employee.
The wage bracket tables are for up to 10 allowances. If
an employee claims more than 10 allowances on the NC-4 or
Biweekly
$96.15
NC-4 EZ:
(a) Multiply the number of withholding allowances over
10 by the allowance value for the payroll period. Use
Semimonthly
$104.17
the amounts for one allowance in the Withholding
Allowance Chart.
(b) Subtract the result from the employee’s wages.
Monthly
$208.33
(c) On this amount, find and withhold the tax in the
column for 10 allowances.
Page 18
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