Form Wv/it-104 - West Virginia Employee'S Withholding Exemption Certificate Page 16
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20USING THE PERCENTAGE METHOD TO FIGURE THE WITHHOLDING
The amount of tax to be withheld by the employer may be determined by the percentage method as follows:
(1) Subtract the personal exemptions credit as set forth in the table below. (The maximum personal exemp-
tion credit is $2,000.00 per year for each exemption.)
(2) Determine the amount of tax to be withheld from the appropriate percentage tables on the following pages.
PERSONAL EXEMPTION TABLE
WEEKLY ............................................... $
38.46
BIWEEKLY ........................................... $
76.92
SEMIMONTHLY .................................... $
83.33
MONTHLY ............................................ $
166.67
ANNUAL ................................................ $ 2,000.00
DAILY .................................................... $
7.66
(Note: Maximum allowable exemption credit is $2,000.00 annually per exemption.)
EXAMPLE: Employee Smith, who is married and his spouse works, earns $1,250.00 semimonthly and
claims two (2) exemptions. Using the percentage chart for TWO EARNER/TWO OR MORE
JOBS the following steps were taken to determine the state income tax to be withheld.
Step No. 1
Total Wage Payment ........................................................ $1,250.00
Less Personal Exemptions Per Table
above (2 exemptions—$83.33 x 2) ...................................
166.66
Total Wage Payment Less Personal Exemptions ...................................... $1,083.34
Step No. 2
Tax From Table 3 Entry covering $1,083.34
(Over $1,000 but not over $1,500) ....................................... 39.38
Plus 6% of excess over $1,000..... ....................................... .. 5.00
Total Tax to be withheld .............................................................................
$ 44.38
Round to the nearest dollar
$ 44.00
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