Small Business Taxes & Management--Copyright 2013, A/N Group, Inc.
Contents
Notes
If you have more than a few employees you should strongly consider using a software program or a payroll service.
2013 Weekly Payroll Period
2013 Semimonthly Payroll Period
2013 Amount for One Withholding Allowance
SINGLE person (including head of household) If the amount of wages The amount of income tax (after withholding allowances): to withhold is: Not over $42 $0 Over-- But not over-- of excess over-- $ 42 $214 10% $ 42 $214 $739 $17.20 plus 15% $214 $739 $1,732 $95.95 plus 25% $739 $1,732 $3,566 $344.20 plus 28% $1,732 $3,566 $7,703 $857.72 plus 33% $3,566 $7,703 $7,735 $2,222.93 plus 35% $7,703 $7,735 . . . $2,234.13 plus 39.6% $7,735 MARRIED person If the amount of wages The amount of income tax (after withholding allowances): to withhold is: Not over $160 $0 Over-- But not over-- of excess over-- $160 $503 10% $160 $503 $1,554 $34.30 plus 15% $503 $1,554 $2,975 $191.95 plus 25% $1,554 $2,975 $4,449 $547.20 plus 28% $2,975 $4,449 $7,820 $959.92 plus 33% $4,449 $7,820 $8,813 $2,072.35 plus 35% $7,820 $8,813 . . . $2,419.90 plus 39.6% $8,813Biweekly Payroll Period--2013
SINGLE person (including head of household) If the amount of wages The amount of income tax (after withholding allowances): to withhold is: Not over $85 $0 Over-- But not over-- of excess over-- $ 85 $428 10% $ 85 $428 $1,479 $34.30 plus 15% $428 $1,479 $3,463 $191.95 plus 25% $1,479 $3,463 $7,133 $687.95 plus 28% $3,463 $7,133 $15,406 $1,715.55 plus 33% $7,133 $15,406 $15,469 $4,445.64 plus 35% $15,406 $15,469 . . . $4,467.69 plus 39.6% $15,469 MARRIED person If the amount of wages The amount of income tax (after withholding allowances): to withhold is: Not over $319 $0 Over-- But not over-- of excess over-- $319 $1,006 10% $319 $1,006 $3,108 $68.70 plus 15% $1,006 $3,108 $5,950 $384.00 plus 25% $3,108 $5,950 $8,898 $1,094.50 plus 28% $5,950 $8,898 $15,640 $1,919.94 plus 33% $8,898 $15,640 $17,627 $4,144.80 plus 35% $15,640 $17,627 . . . $4,840.25 plus 39.6% $17,627Semimonthly Payroll Period--2013
SINGLE person (including head of household) If the amount of wages The amount of income tax (after withholding allowances): to withhold is: Not over $92 $0 Over-- But not over-- of excess over-- $92 $464 10% $92 $464 $1,602 $37.20 plus 15% $464 $1,602 $3,752 $207.90 plus 25% $1,602 $3,752 $7,727 $745.40 plus 28% $3,752 $7,727 $16,690 $1,858.40 plus 33% $7,727 $16,690 $16,758 $4,816.19 plus 35% $16,690 $16,758 . . . $4,839.99 plus 39.6% $16,758 MARRIED person If the amount of wages The amount of income tax (after withholding allowances): to withhold is: Not over $346 $0 Over-- But not over-- of excess over-- $346 $1,090 10% $346 $1,090 $3,367 $74.40 plus 15% $1,090 $3,367 $6,446 $415.90 plus 25% $3,367 $6,446 $9,640 $1,185.70 plus 28% $6,446 $9,640 $16,944 $2,080.02 plus 33% $9,640 $16,944 $19,096 $4,490.34 plus 35% $16,944 $19,096 . . . $5,243.54 plus 39.6% $19,096Monthly Payroll Period--2013
SINGLE person (including head of household) If the amount of wages The amount of income tax (after withholding allowances): to withhold is: Not over $183 $0 Over-- But not over-- of excess over-- $183 $927 10% $183 $927 $3,204 $74.40 plus 15% $927 $3,204 $7,504 $415.95 plus 25% $3,204 $7,504 $15,454 $1,490.95 plus 28% $7,504 $15,454 $33,379 $3,716.95 plus 33% $15,454 $33,379 $33,517 $9,632.20 plus 35% $33,379 $33,517 . . . $9,680.50 plus 39.6% $33,517 MARRIED person If the amount of wages The amount of income tax (after withholding allowances): to withhold is: Not over $692 $0 Over-- But not over-- of excess over-- $692 $2,179 10% $692 $2,179 $6,733 $148.70 plus 15% $2,179 $6,733 $12,892 $831.80 plus 25% $6,733 $12,892 $19,279 $2,371.55 plus 28% $12,892 $19,279 $33,888 $4,159.91 plus 33% $19,279 $33,888 $38,192 $8,980.88 plus 35% $33,888 $38,192 . . . $10,487.28 plus 39.6% $38,192Daily Payroll Period--2013
SINGLE person (including head of household) If the amount of wages The amount of income tax (after withholding allowances) to withhold is: divided by the number of days in the payroll period is: Not over $8.50 $0 Over-- But not over-- of excess over-- $8.50 $42.80 10% $8.50 $42.80 $147.90 $3.43 plus 15% $42.80 $147.90 $346.30 $19.20 plus 25% $147.90 $346.30 $713.30 $68.80 plus 28% $346.30 $713.30 $1,540.60 $171.56 plus 33% $713.30 $1,540.60 $1,546.90 $444.57 plus 35% $1,540.60 $1,546.90 . . . $446.78 plus 39.6% $1,546.90 MARRIED person If the amount of wages The amount of income tax (after withholding allowances) to withhold is: divided by the number of days in the payroll period is: Not over $31.90 $0 Over-- But not over-- of excess over-- $31.90 $100.60 10% $31.90 $100.60 $310.80 $6.87 plus 15% $100.60 $310.80 $595.00 $38.40 plus 25% $310.80 $595.00 $889.80 $109.45 plus 28% $595.00 $889.80 $1,564.00 $191.99 plus 33% $889.80 $1,564.00 $1,762.70 $414.48 plus 35% $1,564.00 $1,762.70 . . . $484.03 plus 39.6% $1,762.70
Amount for One Withholding Allowance--2013
Payroll Period One Withholding Allowance Weekly $ 75.00 Biweekly 150.00 Semimonthly 162.50 Monthly 325.00 Daily or miscellaneous 15.00
Example--An unmarried employee is paid $600 weekly. The employee has in effect a Form W-4 claiming two withholding allowances. Using the percentage method, you would figure the income tax to withhold as follows:
Total wage payment . . . . . . . . . . . . . . . $600.00 Reduction for one allowance . . . . . $75.00 Allowances claimed on W-4 . . . . . . 2 Multiply line 2 by line 3 . . . . . . . . . . . $150.00 Amount subject to withholding (line 1 less line 4 . . . . . . . . . . . . . . . . . . . $450.00 Tax to be withheld on $450.00 . . . . . . . . $ 52.60Note. When using the percentage tables, the tax for the pay period may be rounded to the nearest dollar. If rounding is used, it must be used consistently. Withheld tax amounts should be rounded by dropping amounts under 50 cents and increasing amounts from 50 to 99 cents to the next higher dollar. For example, $2.30 becomes $2 and $2.80 becomes $3.
Copyright 2013 by A/N Group, Inc. This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is distributed with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional should be sought. Articles in this publication are not intended to be used, and cannot be used, for the purpose of avoiding accuracy-related penalties that may be imposed on a taxpayer. The information is not necessarily a complete summary of all materials on the subject. Copyright is not claimed on material from U.S. Government sources.--ISSN 1089-1536
--Last update 01/07/13