payroll DSP2

Hello all,

The two methods to calculate Federal Income Tax Withholding are the wage bracket method and the percentage method.  Employers determine which method they will utilize by several calculations such as: employee filing status and allowances, the base allowance per pay period, total allowances from gross pay, and apply the percentage method which does correspond in relation to prior calculations such as that employee filing status, allowances, base pay per period, etc.  Therefore, the percentage method is most commonly used to analyze payroll deductions for taxes.   

Salary Employee:              

99 Olney, M.

M

7

40

1,500.00

1,500.00

93.00

21.75

93.10

46.05

Hourly Employee:  

12 Flores, I.

S

0

50

9.25

370.00

10

$13.88

138.80

508.80

31.55

7.38

53.00

15.62

any help is appreciated if I miscalculated...   Thanks

Lisa