![]() | ![]() | ![]() PRODUCT | DOWNLOAD | PURCHASE | SUPPORT | SPECIALS |
| Tax | Maximum Earnings | Rate |
| Social Security Tax | $118,500.00 | 6.20% for the employee and 6.2% for employer |
| Medicare | Unlimited | 1.45% for employee and employer |
| over $200,000 | Additional 0.9% for the part in excess of $200,000 in a calendar year. Employee only. |
|
1. Find your pay period: weekly, biweekly, semi-monthly, monthly or daily
2. Find your gross income for each paycheck 3. Add up your income exemptions for each paycheck 4. Add up your pretax deductions, including 401K, flexible account contributions ... for each paycheck 5. Figure out your taxable income for each paycheck taxable income = gross pay - exemptions - pretax deductions 6. Find the tax rate you should use and calculate the federal income tax Here is the sample of How to Calculate Federal Income Tax Manually | EzPaycheck for Small Business Easy & affordable DOWNLOAD DEMO |
| (a) SINGLE person (including head of household) -- | ||||
|
If the amount of wages(after subtracting withholding allowances) is: |
The amount of income tax to withhold is: | |||
| Not over ....... | $0 | |||
| Over -- | But no over -- |   | Of excess over -- | |
| ... | 10% | |||
| ... | plus 15% | |||
| ... | plus 25% | |||
| ... | plus 28% | |||
| ... | plus 33% | |||
| ... | plus 35% | |||
| ... | ... | plus 39.6% | ||
| (b) Married person -- | ||||
|
If the amount of wages(after subtracting withholding allowances) is: |
The amount of income tax to withhold is: | |||
| Not over ....... | $0 | |||
| Over -- | But no over -- |   | Of excess over -- | |
| ... | 10% | |||
| ... | plus 15% | |||
| ... | plus 25% | |||
| ... | plus 28% | |||
| ... | plus 33% | |||
| ... | plus 35% | |||
| ... | ... | plus 39.6% | ||
| (a) SINGLE person (including head of household) -- | ||||
|
If the amount of wages(after subtracting withholding allowances) is: |
The amount of income tax to withhold is: | |||
| Not over ....... | $0 | |||
| Over -- | But no over -- |   | Of excess over -- | |
| ... | 10% | |||
| ... | plus 15% | |||
| ... | plus 25% | |||
| ... | plus 28% | |||
| ... | plus 33% | |||
| ... | plus 35% | |||
| ... | ... | plus 39.6% | ||
| (b) Married person -- | ||||
|
If the amount of wages(after subtracting withholding allowances) is: |
The amount of income tax to withhold is: | |||
| Not over ....... | $0 | |||
| Over -- | But no over -- |   | Of excess over -- | |
| ... | 10% | |||
| ... | plus 15% | |||
| ... | plus 25% | |||
| ... | plus 28% | |||
| ... | plus 33% | |||
| ... | plus 35% | |||
| ... | ... | plus 39.6% | ||
| (a) SINGLE person (including head of household) -- | ||||
|
If the amount of wages(after subtracting withholding allowances) is: |
The amount of income tax to withhold is: | |||
| Not over ....... | $0 | |||
| Over -- | But no over -- |   | Of excess over -- | |
| ... | 10% | |||
| ... | plus 15% | |||
| ... | plus 25% | |||
| ... | plus 28% | |||
| ... | plus 33% | |||
| ... | plus 35% | |||
| ... | ... | plus 39.6% | ||
| (b) Married person -- | ||||
|
If the amount of wages(after subtracting withholding allowances) is: |
The amount of income tax to withhold is: | |||
| Not over ....... | $0 | |||
| Over -- | But no over -- |   | Of excess over -- | |
| ... | 10% | |||
| ... | plus 15% | |||
| ... | plus 25% | |||
| ... | plus 28% | |||
| ... | plus 33% | |||
| ... | plus 35% | |||
| ... | ... | plus 39.6% | ||
| (a) SINGLE person (including head of household) -- | ||||
|
If the amount of wages(after subtracting withholding allowances) is: |
The amount of income tax to withhold is: | |||
| Not over ....... | $0 | |||
| Over -- | But no over -- |   | Of excess over -- | |
| ... | 10% | |||
| ... | plus 15% | |||
| ... | plus 25% | |||
| ... | plus 28% | |||
| ... | plus 33% | |||
| ... | plus 35% | |||
| ... | ... | plus 39.6% | ||
| (b) Married person -- | ||||
|
If the amount of wages(after subtracting withholding allowances) is: |
The amount of income tax to withhold is: | |||
| Not over ....... | $0 | |||
| Over -- | But no over -- |   | Of excess over -- | |
| ... | 10% | |||
| ... | plus 15% | |||
| ... | plus 25% | |||
| ... | plus 28% | |||
| ... | plus 33% | |||
| ... | plus 35% | |||
| ... | ... | plus 39.6% | ||
| (a) SINGLE person (including head of household) -- | ||||
|
If the amount of wages(after subtracting withholding allowances) is: |
The amount of income tax to withhold is: | |||
| Not over ....... | $0 | |||
| Over -- | But no over -- |   | Of excess over -- | |
| ... | 10% | |||
| ... | plus 15% | |||
| ... | plus 25% | |||
| ... | plus 28% | |||
| ... | plus 33% | |||
| ... | plus 35% | |||
| ... | ... | plus 39.6% | ||
| (b) Married person -- | ||||
|
If the amount of wages(after subtracting withholding allowances) is: |
The amount of income tax to withhold is: | |||
| Not over ....... | $0 | |||
| Over -- | But no over -- |   | Of excess over -- | |
| ... | 10% | |||
| ... | plus 15% | |||
| ... | plus 25% | |||
| ... | plus 28% | |||
| ... | plus 33% | |||
| ... | plus 35% | |||
| ... | ... | plus 39.6% | ||