Federal Taxable Gross Calculation

Informational Circular No. 17-P-014

Attachment                                                      

December 13, 2016

 

You can also view the biweekly Federal Withholding Tax Brackets.

 

TABLES FOR PERCENTAGE METHOD OF WITHHOLDING

 

ALL PAY PERIODS

SINGLE PERSON INCLUDING HEAD OF HOUSEHOLD

DETERMINING FEDERAL TAX TO BE WITHHELD

 

To determine the amount of federal withholding tax, first multiply the taxable gross wages by the number of pay periods in a year to get the annual wage.  Subtract the value of exemptions allowed (determined by multiplying $4,050.00 times the number of exemptions claimed) from the annual wage.  Then determine federal withholding tax on the balance of annual gross wages, after deducting value of exemptions, by applying tax table below to remainder of the annual taxable gross wages.  The amount of tax is then divided by the number of pay periods to arrive at the amount of federal withholding tax to be deducted per pay period.

WAGES LESS EXEMPTIONS:       INCOME TAX TO BE WITHHELD:

OVER           BUT NOT OVER                                           OF EXCESS OVER

$           0.00           $    2,300.00         $            .00                             $

$    2,300.00           $  11,625.00         $            .00 PLUS 10   %       $    2,300.00

$  11,625.00           $  40,250.00         $      932.50 PLUS 15   %       $  11,625.00

$  40,250.00           $  94,200.00         $   5,226.25 PLUS 25   %       $  40,250.00

$  94,200.00           $193,950.00         $ 18,713.75 PLUS 28   %       $  94,200.00

$193,950.00           $419,000.00         $ 46,643.75 PLUS 33   %       $193,950.00

$419,000.00           $420,700.00         $120,910.25 PLUS 35  %       $419,000.00

$420,700.00                                        $121,505.25 PLUS 39.6%      $420,700.00

      

ALL PAY PERIODS

MARRIED PERSON

DETERMINING FEDERAL TAX TO BE WITHHELD

 

To determine the amount of federal withholding tax, first multiply the taxable gross wages by the number of pay periods in a year to get the annual wage.  Subtract the value of exemptions allowed (determined by multiplying $4,050.00 times the number of exemptions claimed) from the annual wage.  Then determine federal withholding tax on the balance of annual gross wages, after deducting value of exemptions, by applying tax table below to remainder of the annual taxable gross wages.  The amount of tax is then divided by the number of pay periods to arrive at the amount of federal withholding tax to be deducted per pay period.

WAGES LESS EXEMPTIONS:       INCOME TAX TO BE WITHHELD:

OVER           BUT NOT OVER                                   OF EXCESS OVER

$           0.00            $    8,650.00        $           .00                              $

$    8,650.00            $  27,300.00        $           .00 PLUS 10   %        $    8,650.00

$  27,300.00            $  84,550.00        $   1,865.00 PLUS 15  %        $  27,300.00

$  84,550.00            $161,750.00        $  10,452.50 PLUS 25  %        $  84,550.00

$161,750.00            $242,000.00        $ 29,752.50 PLUS 28  %        $161,750.00

$242,000.00            $425,350.00        $ 52,222.50 PLUS 33    %       $242,000.00

 $425,350.00            $479,350.00        $112,728.00 PLUS 35   %      $425,350.00

 $479,350.00                                        $131,628.00 PLUS 39.6%      $479,350.00


Contact Us

KU Payroll Services
Carruth O’Leary
1246 W Campus Rd, Room 145
Lawrence, KS 66045

Phone support
785-864-4385
Phone
Who to Contact

Timesheets

Contact HR/Pay at (785) 864-0600
or by email at hrpay@ku.edu.

Leave Time

Contact HR/Pay at (785) 864-0600
or by email at hrpay@ku.edu.

Personal Info

Contact HR Appointment Staff at (785) 864-5994
or by email at hrappt@ku.edu.

Salary / Pay Rate

Contact HR Appointment Staff at (785) 864-5994
or by email at hrappt@ku.edu.

Health Insurance Deductions

Contact Staff Benefits at (785) 864-4946
or by email at benefits@ku.edu.

Retirement Deductions

Contact Staff Benefits at (785) 864-4946
or by email at benefits@ku.edu.
One of 34 U.S. public institutions in the prestigious Association of American Universities
44 nationally ranked graduate programs.
—U.S. News & World Report
Top 50 nationwide for size of library collection.
—ALA
23rd nationwide for service to veterans —"Best for Vets," Military Times
KU Today