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fwhrate.zip
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PR1.TXT
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1990-03-14
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40 lines
FICA rate 7.65%
Maximum FICA wage $51,300.00
maximum FICA tax $3,924.45
To compute witholding:
-- Annualize gross pay (Gross time # of pay periods annually)
-- Subtract exemptions (exemptions on W4 times $2050)
-- Apply tax rate from table below
-- Divide result by # of annual pay periods
FEDERAL RATES ONLY
SINGLE OR HEAD OF HOUSEHOLD
TAXABLE WAGES
OVER NOT OVER ANNUAL AMOUNT OF TAX
$0 $1,200 $0.00
$1,200 $20,650 $0.00 PLUS 15% OVER $1,200
$20,650 $48,250 $2,917.50 PLUS 28% OVER $20,650
$48,250 $110,300 $10,645.50 PLUS 33% OVER $48,250
$110,300 & OVER $31,122.00 PLUS 28% OVER $110,300
MARRIED
TAXABLE WAGES
OVER NOT OVER ANNUAL AMOUNT OF TAX
$0 $3,400 $0.00
$3,400 $35,850 $0.00 PLUS 15% OVER $3,400
$35,850 $81,800 $48,675.00 PLUS 28% OVER $35,850
$81,800 $200,610 $17,733.50 PLUS 33% OVER $81,800
$200,610 & OVER $56,940.80 PLUS 28% OVER $200,610