South Carolina Withholding Tax South Carolina 2010 for Payroll 2010

On main form, use File, Open. Find SoCarolina_250 or SoCarolina_500 - Save as employee's name.
See SAMPLE Table 1 & 2 below:
Enter these exact figures into Payroll 2010's BiWeekly State Tax Table. If you do a weekly payroll the figures will automatically be half of the biweekly's so set up as biweekly. The withholding allowance in my table reflects a $88.46 personal deduction times the number of dependants. Plus a Standard deduction of 10% of Gross salary not to exceed $100 (biweekly). Table 1, 1 to 9 shows a paycheck of $250 a week or $500 biweekly. This Standard deduction works out to be $50. The figures in Table 2, in the withholding portion of 1 to 9 use the maximum deduction of $100 for a person earning $500 a week/$1000 biweekly or greater. This will give an EXACT calculation. However if the gross pay is less than $500 a week/$1000 biweekly, calculate your Standard Deduction by using 10% of gross pay based on a biweekly paycheck.

By claiming exemptions the Standard and the Personal Exemptions are added together. Multiply the Personal Exemption ($88.46) by the number claimed plus the Standard Deduction of 10% of your gross pay but not more than $100. Payroll 2010 bases all calculations on a Bi-weekly paycheck and will make the neccessay adjustment for weekly paychecks by selecting weekly in the User setup box.
Example: 2 dependents, $250 a week or $500 biweekly = $88.46 x 2 = $176.92 + (500 x 10%) = $226.92
If all this is confusing and you need help, send me your payroll info and I will setup an example exactly tailored to your needs.

This percent method that I used is an exact tax calculation.
TABLE 1
 Withholding figures:

Even if you are paid weekly
you must use the biweekly figures.
By selecting weekly in the User Info
check box, the calculation will
automatically adjust for that pay frequency.

Substitute your gross if under
$500 weekly or $1000 biweekly
If over use table 2 which uses
a max of $100 Standard Deduction

This example I use a $500 biweekly
gross or $250 weekly gross salary.

Standard Deduction is 10% of Gross ($500) = $50
Plus one Personal Exemption ($88.46)
is 88.46 + 50 = $138.46

With two Per. Exempt.
88.46 x 2 = 176.92 + 50 = $226.92

With three Per. Exempt.
88.46 x 3 = 265.38 + 50 = $315.38



TABLE 2


Not responsible for any errors in examples shown. It is the responsibility
of the software user to check for correctness of the tax calculations.
SDI and SUI may apply to some states. Check state website.
Copyright© 2010, by David E. Giordano, ALL RIGHTS RESERVED

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