|See See Form below:
Enter these exact figures into Payroll 2019'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 below reflects a $96.54 personal exemption times the number of dependants. Plus a MAXIMUM Standard deduction of $133.46 for biweekly or $66.73 for weekly salaries. The STANDARD DEDUCTION is 10% of Gross salary not to exceed $133.46 (biweekly) or $66.73 (weekly). If your salary for biweekly is below $1334.62 or weekly below $667.31 you will need to calculate 10% of your gross pay and add that to your personal exemption of $96.54 for each dependant.
2 dependents are 96.54 x 2 = 193.08 (Personal Exemption)
A weekly salary of $500 * 10% = 50.00 (Standard Deduction)
In the Withholding Allowance box for 2 dependents you would enter 243.08 (193.08 + 50.00 = 243.05)
Payroll 2019 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.
This percent method that I used here is an exact tax calculation.
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.
The withholding allowance figures are for earnings of $1334.62 or more biweekly
or $667.31 or more weekly.
|Home Page||Policy Statement||Questions/Answers|