Form Wh-1603f - Formula For Computing South Carolina Withholding Tax

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STATE OF SOUTH CAROLINA
1350
1350
DEPARTMENT OF REVENUE
WH-1603F
(Rev. 4/23/13)
FORMULA FOR COMPUTING SOUTH CAROLINA
3478
WITHHOLDING TAX
I.
Deduct from gross wages:
A.
Personal Exemption
(1) $
.00 if zero exemptions claimed
(2) $2,300.00 per personal exemption claimed
AND
B.
Standard Deduction
(1) $
.00 if zero exemptions claimed
(2) 10% up to $2,600.00 if claiming 1 or more exemptions
II.
Balance is taxable income. Use either of the below listed computation tables to figure the tax.
EXAMPLE:
Annualize salary: $500.00 per week, 3 exemptions
$
500.00 per week
X 52 weeks
26,000.00 gross wages
- 6,900.00 personal exemptions (3 exemptions X $2,300)
- 2,600.00 standard deduction ($2,600 maximum or 10%)
$16,500.00 taxable income
SUBTRACTION METHOD:
Example using Subtraction Method:
At least:
Not more than:
Tax withheld:
$
0
$ 2,000
2%
$ 16,500.00
2,000
4,000
3% minus $20
X 0.07
4,000
6,000
4% minus $60
1,155.00
6,000
8,000
5% minus $120
- 300.00
8,000
10,000
6% minus $200
Total to be Withheld
$
855.00
10,000 and above
7% minus $300
ADDITION METHOD:
Example using Addition Method:
At least:
Not more than:
Tax withheld:
$
0
$ 2,000
2%
$ 16,500.00
2,000
4,000
3% X excess over $2,000 + $40
-10,000.00
4,000
6,000
4% X excess over $4,000 + $100
6,500.00
6,000
8,000
5% X excess over $6,000 + $180
X 0.07
8,000
10,000
6% X excess over $8,000 + $280
455.00
10,000 and above
7% X excess over $10,000 + $400
400.00
Total to be Withheld
$
855.00
$855.00 DIVIDED BY 52 WEEKS = $16.44 STATE TAX PER WEEK
The weekly withholding tax table used for manual calculation of withholding amounts shows SC tax for $500.00 per week, 3
exemptions = $17.00 per week.
CONSTANTS FOR DETERMINING SOUTH CAROLINA INCOME TAX WITHHOLDING
MAINFRAME:
SEMI
BI
YEARLY
MONTHLY
WEEKLY
MONTHLY
WEEKLY
Allowance per Exemption
(A)
$2,300
$ 191.67
$ 95.83
$ 88.46
$44.23
Maximum Standard Deduction - No Exemptions
(B)
-0-
-0-
-0-
-0-
-0-
Maximum Standard Deduction - One or More Exemptions (C)
2,600
216.67
108.33
100.00
50.00
Maximum Tax - 1st Bracket
(D)
40
3.33
1.67
1.54
.77
Maximum Tax - 1st and 2nd Bracket
(E)
100
8.33
4.17
3.85
1.92
Maximum Tax - 1st, 2nd, and 3rd Bracket
(F)
180
15.00
7.50
6.92
3.46
Maximum Tax - 1st, 2nd, 3rd, and 4th Bracket
(G)
280
23.33
11.67
10.77
5.38
Maximum Tax - 1st, 2nd, 3rd, 4th, and 5th Bracket
(H)
400
33.33
16.67
15.38
7.69
Maximum Income Taxable in Each of First Five Brackets
(I)
2000
166.67
83.33
76.92
38.46
34781013

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