I am trying to set up tax tables for Michigan withholding. We don't have a tax table like the IRS puts out. The withholding is based on a calculation that takes into consideration the number of exemptions claimed by the employee. For example, for a weekly payroll the allowance per exemption is $67.31. A worker earning $600/wk with 3 exemptions would have the following withholding. [$600 - ($67.31 x 3)] x 4.35%
Is it possible to set this up to run automatically or will I have to manually plug it in each time? We are running on version 10.
Michigan State Tax
Moderators: Moderators, Tech Support
State Tax Tables
State taxes in NC has the same structure. I have set up separate tax tables for each total exemption claimed. I have 3 tax tables for NC, one each for zero exemptions, one exemptions and two exemptions. You can have as many as you need. Just have to make sure the payroll items for each employee lists the correct tax table. Also, if the state taxes change you will have to remember to change all the separate state tax tables.
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Pastor1995
- Posts: 3
- Joined: Mon Dec 22, 2008 8:33 pm
Can someone expound on this. I am using the payroll for the first time in 2009. I have tax tables set up (Ohio) but I have no idea on how to do these exemption deductions for the fed or state with PC. What would the step by step look like to get this entered? This would be very helpful!Pastor K wrote:I am in MI as well.
The amount is 3500 / year / exemption. You can enter that amount in the individual employee's deduction. You do the same thing with Fed withholding.
Also what about those that want an extra set amount deducted each payroll via w-4?