How QuickBooks calculates the state withholding amount
How QuickBooks calculates the state withholding amount
Gross Wages | 580.35 |
Less 1 basic deduction | -117.35 |
Equals the taxable wages | 463.00 |
For this wage range, the tax is 2% of the amount over 227.00 plus 2.27 | |
Less threshold | -227.00 |
Tax is 2% of | 236.00 |
Which equals | 4.72 |
Plus | 2.27 |
Tax amount | 6.99 |
Less 1 semimonthly personal exemption credit | -3.12 |
Tax equals | 3.87 |
KB ID# H_PAY_QB_CALC_STATE_WITH