Income Tax Withholding Tables And Instructions For Employers Page 19
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69Withholding Allowance Chart
Example:
An unmarried employee is paid $450.00 weekly. This
employee has in effect a Form NC-4 claiming single with
Amount for one Allowance
two withholding allowances.
Payroll Period
Using the annualized wages method, figure the income
Column 1
Column 2
tax to withhold as follows:
(1) Weekly wage payment
Weekly
$48.08
$38.46
multiplied by 52
$ 23,400.00
(2) Standard deduction
$ 3,000.00
Biweekly
$96.15
$76.92
(3) Withholding allowances
on NC-4: 2 x $2,500
$ 5,000.00
$ 8,000.00
(4) Projected annualized
Semimonthly
$104.17
$83.33
taxable wages - Subtract
sum of lines 2 & 3
from line 1
$ 15,400.00
Monthly
$208.33
$166.67
(5) Annualized tax from table -
Single Person
$
950.50
(6) Tax to be withheld this
pay period:
Daily
$9.62
$7.69
divide $950.50 by 52
$
18.00
28. Wage Bracket Tables
The wage bracket tables begin on the next page. Using
this method of withholding, select the table which corresponds
with the employee’s filing status (married, single, head of
household) as shown on the NC-4 and your payroll period
(weekly, biweekly, semimonthly, monthly, daily). Locate the
gross wages in the left hand column and 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:
(a) Multiply the number of withholding allowances over
10 by the allowance value for the payroll period. Use
the amounts for one allowance in Column 1 of the
Withholding Allowance Chart if the annual income is
less than the following amounts: $60,000 - single;
$80,000 - head of household; $50,000 - married
person or qualifying widow(er). Otherwise, use
the amount for one allowance in Column 2.
(b) Subtract the result from the employee’s wages.
(c) On this amount, find and withhold the tax in the
column for 10 allowances.
Page 19
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