Massachusetts Circular M - Income Tax Withholding Tables January - 1999 And Thereafter Page 12
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16Rev. 7/98
Massachusetts Income Tax Withholding System
Massachusetts
Percentage Methods for Wages Paid from
Department of
January 1999 Until Further Notice
Revenue
From employee’s total wages:
1. Subtract the amount deducted for the U.S. Social Security (FICA),
total from the wages: Weekly, $46; Biweekly, $92; Semimonthly,
Medicare, Massachusetts, United States or Railroad Retirement sys-
$100; Monthly, $200; Daily $6.50; Annually, $2,400;
tems. The total amount subtracted may not exceed $2,000. When,
or (b) subtract the head of household tax value from the step 3 re-
during the year, the total amount subtracted reaches the equivalent
sult: Weekly, $2.75; Biweekly, $5.49; Semimonthly, $5.95; Monthly,
of the $2,000 maximum allowable as a deduction by Massachu-
$11.90; Daily, $0.39; Annually, $142.80.
setts, discontinue this step.
5. If the employee and/or his/her spouse is blind: either (a) add the
2. Subtract the total of the exemption factors, i.e., the dollar value of
blind exemption factor to the other exemption factors in steps 2
the employee’s exemptions, for the applicable payroll period. If an
and 4(a), if applicable, before subtracting the total from the wages:
employee claims “0” exemptions, discontinue this step.
Weekly, $42.50; Biweekly, $85; Semimonthly, $92; Monthly, $183;
A claimed spouse counts as “4” exemptions for Massachusetts in-
Daily, $6; Annually, $2,200;
come tax withholding purposes. Example: an employee who claims
or (b) subtract the blindness tax value amount from the result from
only himself and his wife is treated as having “5” exemptions.
steps 3 and 4(b), if applicable: Weekly, $2.52; Biweekly, $5.03; Semi-
3. After subtracting the amounts specified in steps 1 and 2 above
monthly, $5.45; Monthly, $10.91; Daily, $0.36; Annually, $130.90.
from the employee’s total wages, multiply the difference by .0595
Important Note:
and withhold the resulting amount.
Do not withhold from employees who claim one or more exemp-
4. If the employee will file as head of household on their tax return,
tions if their wages are less than: $154 Weekly; $308 Biweekly; $334
either (a) add to the amount computed in step 2 and subtract the
Semimonthly; $667 Monthly; $22 Daily; or $8,000 Annually.
Exemption Factors:
Payroll Period
Claiming “1”
Claiming More Than “1” Exemption
a. Weekly. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$4,484.50
$4,419.50 . . . . . multiplied by number claimed, plus . . . . . . . $4,465
b. Biweekly . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $4,169
$4,439 . . . . . . . multiplied by number claimed, plus . . . . . . . $4,130
c. Semimonthly . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $4,183
$4,442 . . . . . . . multiplied by number claimed, plus . . . . . . . $4,141
d. Monthly . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $4,367
$4,483 . . . . . . . multiplied by number claimed, plus . . . . . . . $4,284
e. Daily . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $4,412
$4,443 . . . . . . . multiplied by number claimed, plus . . . . . . . $4,449
f. Annually. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $4,400
$1,000 . . . . . . . multiplied by number claimed, plus . . . . . . . $3,400
Page 12
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial