|
These new tables have been developed due to
changes to the tax law made in the American
Recovery and Reinvestment Act of 2009. The
IRS asks that employers begin using these
tables in lieu of the applicable previously
published tables as soon as possible, but no
later than April 1, 2009.
Social Security Tax:
-
Tax Rate: 6.2% each for employers and
employees.
-
Wage Base: $106,800.
Medicare Tax:
-
Tax Rate: 1.45% each for employers and
employees.
-
All wages subject to Medicare tax.
Federal Unemployment (FUTA) Tax:
-
Tax Rate: 6.2% before state credits
(employers only) (0.8% after credits).
-
Wages Base: $7,000
Amount for one withholding allowance:
$3,650.00.
Single Person
(including head of household)
Not over $7,180 ...............Tax withheld
is $0.
|
Over |
But Not Over |
|
|
Of Excess Over |
|
$7,180 |
$10,400 |
|
|
10% $7,180 |
|
$10,400 |
$36,200 |
$322.00 |
Plus |
15% $10,400 |
|
$36,200 |
$66,530 |
$4192.00 |
Plus |
25% $36,200 |
|
$66,530 |
$173,600 |
$11,774.50 |
Plus |
28% $66,530 |
|
$173,600 |
$375,000 |
$41,754.10 |
Plus |
33% $173,600 |
|
$375,000 |
$9,999,999* |
$108,216.10 |
Plus |
35% $375,000 |
Married
Person
Not over $15,750 .............Tax withheld
is $0.
|
Over |
But Not Over |
|
|
Of Excess Over |
|
$15,750 |
$24,450 |
|
|
10% $15,750 |
|
$24,450 |
$75,650 |
$870.00 |
Plus |
15% $24,450 |
|
$75,650 |
$118,130 |
$8,550.00 |
Plus |
25% $75,650 |
|
$118,130 |
$216,600 |
$19,170.00 |
Plus |
28% $118,130 |
|
$216,600 |
$380,700 |
$46,741.60 |
Plus |
33% $216,600 |
|
$380,700 |
$9,999,999* |
$100,894.60 |
Plus |
35% $380,700 |
* Unlimited, entry needs to be lager than
largest payroll paid to any one individual |
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