State Of Missouri Employer'S Tax Guide - 2012 Page 15
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282012 MISSOURI WITHHOLDING TAX FORMULA
STEP 1—USING ANNUAL AMOUNTS
Note: The maximum federal income tax deduction
for a married filer, spouse not working, is $10,000. If
(Refer to Federal Publication 15 for questions con cerning
the spouse is working, the maximum limit should be
gross taxable income or federal withholding tax.)
calculated using $5,000.
1. GROSS INCOME — Determine the employee’s total
Determine if the spouse is working by the check boxes
wages for the payroll period. Multiply this amount by
on Form MO W‑4, Line 2.
the number of payroll periods you have in a year. The
5. MISSOURI TAXABLE INCOME — Subtract the total
result is the employee’s annual wage. (Multiply by:
annual amounts of numbers 2, 3, and 4 from the total
260 if you pay daily, 52 if you pay weekly, 26 if you
annual gross income of number 1. The result is the
pay bi‑weekly, 24 if you pay semi‑monthly, or 12 if
employee’s Missouri taxable income.
you pay monthly.)
Note: If the employee has supplemental or overtime
pay, see the withholding procedures outlined below.
STEP 2
2. STANDARD DEDUCTION — Annual amount is:
1. MISSOURI WITHHOLDING TAX — Multiply the
$5,950 if employee is single, $5,950 if employee is
employee’s Missouri taxable income by the appli‑
married and spouse works, $11,900 if employee is
cable annual payroll period rate. Begin at the lowest
married and spouse does not work (this is determined
rate and accumulate the total withholding amount
by the check box on Form MO W‑4, Line 2, and is
for each rate. The result is the employee’s annual
not a separate filing status), $8,700 if em ployee’s
Missouri withholding tax.
filing status is Head of Household.
2. MISSOURI WITHHOLDING TAX PER PAYROLL
3. MO W-4 ALLOWANCES — Annual amount is:
PERIOD — Divide the employee’s annual Missouri
$2,100 for the first allowance and $1,200 for each
withholding amount by: 260 if you pay daily, 52 if
additional allowance if employee is single or married
you pay weekly, 26 if you pay bi‑weekly, 24 if you
and spouse works, $2,100 for the first allowance,
pay semi‑monthly, 12 if you pay monthly. The result
$2,100 for the second allowance (for the non‑working
is the employee’s Missouri withholding tax per pay
spouse) and $1,200 for each additional allowance if
period.
the employee is married and spouse does not work;
$3,500 for the first allowance and $1,200 for each
ROUNDING ON MISSOURI WITHHOLDING RE PORTS.
additional allowance thereafter if the employee’s
You must round the amounts that you withhold from
filing status is Head of Household.
your employees to the nearest whole dollar.
4. FEDERAL WITHHOLDING — Determine the amount
of the employee’s total federal income tax withheld for
Visit
the payroll period. Multiply this amount by the number
of payroll periods you have in a year. The result is the
employee’s annual federal income tax withheld. An
to access
individual’s federal income tax deduction is limited to
our online withholding tax calculator.
$5,000 ($10,000 if a combined return). These limita‑
tions should be applied on an aggregate basis. (Multiply
by: 260 if you pay daily, 52 if you pay weekly, 26 if you
pay bi‑weekly, 24 if you pay semi‑monthly, or 12 if you
pay monthly.)
Supplemental Pay Withholding
If the employee has supplemental or overtime pay, and the payment is included with normal wages, apply the
withholding formula to the total payment as if it was a regular payroll wage payment.
If the employee has supplemental or overtime pay and the overtime wages are paid separately from regular
wages, you may withhold based upon one of the following two methods.
• Withhold a flat percentage rate of 6 percent of the supplemental wages; or
• Add the supplemental wages to the regular wages paid for the payroll period and apply the withholding
formula to the total amount as if it was a regular payroll wage payment. Then subtract the tax already with‑
held from the regular wage payment and withhold the remaining tax from the supplemental payment.
15
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