VIEWS: 2,359 PAGES: 2 CATEGORY: Tax Forms POSTED ON: 12/12/2008 Public Domain
Computing Federal Income Tax Withholding (FITW) The following charts show how federal income tax withholding (FITW) is computed The charts reflect year 1 January 2009 federal withholding rates. Step Procedure Result 1 Enter Monthly Taxable Income from Block 38, LES A= 2 Multiply Allowances From Block 41 of LES by $304.17 B = $304.17x = 3 Subtract B from A to get monthly Nonexempt Income C= Step 4 - If Member is Claiming Married in Block 41 of LES If C Is Over But C Is Not Over Compute Monthly FITW By Amount $0 $667 Member has no FITW $0.00 $667 $1,996 (C Minus $667) Times 10% $ $1,996 $6,304 [(C Minus $1,966) times 15%] Plus $132.90 $ $6,304 $12,067 [(C Minus $63,04) Times 25%] Plus $779.10 $ $12,067 $18,050 [(C Minus $12,067) Times 28%] Plus $2,219.85 $ $18,050 $31,725 [(C Minus $18,050) Times 33%] Plus $3,895.09 $ $31,725 [(C Minus $31,725) Times 35%] Plus $8,407.84 $ Step 4 - If Member Is Claiming Single or Head of Household in Block 41 of LES If C Is Over But C Is Not Over Compute Monthly FITW By Amount $0 $221 Member Has No FITW $0.00 $221 $867 (C Minus $221) Times 10% $ $867 $2,950 [(C Minus $867) Times 15%] Plus $64.60 $ $2,950 $7,025 {(C Minus $2,950) Times 25%] Plus $3,77.05 $ $7,025 $14,467 [(C Minus $7,025) Times 28%] Plus $1,395.80 $ $14,467 $31,250 [(C Minus $14,467.00) Times 33%] Plus $3,479.56 $ $31,250 [(C Minus $31,250.00) Times 35%] Plus $9,017.95 $ Social Security 6.2% Medicare 1.45% Base Limit $106,000.00 Supplemental Withholding rate is 25% More information: http://www.irs.gov/pub/irs-pdf/p15.pdf (Percentage method as described on page 36 for an employee paid monthly) Computing Federal Income Tax Withholding (FITW) The following charts show how federal income tax withholding (FITW) is computed The charts reflect year 1 January 2008 federal withholding rates. Step Procedure Result 1 Enter Monthly Taxable Income from Block 38, LES A= 2 Multiply Allowances From Block 41 of LES by $291.67 B = $291.67x = 3 Subtract B from A to get monthly Nonexempt Income C= Step 4 - If Member is Claiming Married in Block 41 of LES If C Is Over But C Is Not Over Compute Monthly FITW By Amount $0 $667 Member has no FITW $0.00 $667 $1963 (C Minus $667) Times 10% $ $1963 $6013 [(C Minus $1963) times 15%] Plus $129.60 $ $6013 $11488 [(C Minus $6013) Times 25%] Plus $737.10 $ $11488 $17308 [(C Minus $11488) Times 28%] Plus $2105.85 $ $17308 $30425 [(C Minus $17308) Times 33%] Plus $3735.45 $ $30425 [(C Minus $30425) Times 35%] Plus $8064.06 $ Step 4 - If Member Is Claiming Single in Block 41 of LES If C Is Over But C Is Not Over Compute Monthly FITW By Amount $0 $221 Member Has No FITW $0.00 $221 $858 (C Minus $221) Times 10% $ $858 $2830 [(C Minus $858) Times 15%]Plus $63.70 $ $2830 $6644 {(C Minus $2830) Times 25%] Plus $359.50 $ $6644 $13875 [(C Minus $6644) Times 28%] Plus $1313.00 $ $13875 $29971 [(C Minus $13875) Times 33%] Plus $3337.68 $ $29971 [(C Minus $29971) Times 35%] Plus $8649.36 $ Social Security 6.2% Medicare 1.45% Base Limit $102,000.00 Supplemental Withholding rate is 25% More information: http://www.irs.gov/pub/irs-pdf/p15.pdf (Percentage method as described on page 36 for an employee paid monthly)