Federal Income Tax Table Tables

Use the Federal Income Tax Table Tables to maintain the federal income tax withholding information for married, single, Head of Household, Married - Box 2 Checked, Single - Box 2 Checked, and Head of Household - Box 2 employees. You must maintain these tables for Medicare-Only FICA employees, as specified by the Employee FICA Code. This applies to facilities with Regular FICA-exempt employees, such as municipalities who participate in the Maine State Retirement System (MSRS).

Tips:

These tables reflect the annualized tax tables published by the Internal Revenue Service (IRS). The gross earnings are based on the calculated annual earnings, not on the pay period earnings.
Normally, you must update the tax tables with applicable rate changes once each year - after generating W-2s and before running the first payroll of the calendar year.

Directions:

To open:

1. Click Payroll from the Menu.

2. Click Miscellaneous File Maintenance.

3. Click Table FM.

4. Click Numeric Tables.

5. Click Federal Income Tax Information.

Tip: Or, use the keyboard shortcut: [ALT] [p] [m] [n] [u].

Federal Income Tax Table Example:

Federal Income Tax Table Tables Prompts
Table ID	To select the type of tax table to edit, click one of the following options in the drop-down list and then click Retrieve , or press [ENTER]. Single: Maintain the withholding information for single taxpayers in the FEDS2 table. Married: Maintain the withholding information for married taxpayers in the FEDM2 table. Head of Household Married - Box 2 Checked Single - Box 2 Checked
Calendar Year	Enter the calendar year for the tax information.
Gross Income Levels Over	For each gross income level, enter the Over amount, which is the earnings cutoff amount used to determine the base amount to withhold. (6.2 numeric) Tax Calculation Example: If a single person's annual income is $25,000.00... Gross Income Level = 2 (see table) Federal Gross Income Over Amount = $10,000.00 Federal Base Amount to Withhold = $735.00 Federal Plus % of Excess Over Rate = 15.00% $25,000.00 - $10,000.00 = $15,000.00 Excess Taxable Amount Excess Taxable Amount $15,000.00 X % of Excess Over Rate 15.00% = Excess W/H Amount $2,250.00 Federal Tax Withholding Amount = $735.00 + $2,250.00 = $2,985.00
Gross Income Levels Base	For each gross income level, enter the Federal Base Amount to withhold, which is the flat tax amount to withhold based on the Gross Income Level Over Amount. (6.2 numeric)
Gross Income Levels +% Over	For each gross income level, enter the Federal Plus % of Excess Over Rate, which is the percentage used to calculate the excess withholding amount based on the Excess Taxable Amount. (6.2 numeric)
	To update the changed information, click Save or press [ENTER]. Keyboard shortcut: [ALT + s]
	CAUTION To avoid losing data, you must save the changed record.
Editing the Table	1. Position the pointer to the information that you want to change. 2. Enter the data changes. 3. To complete the edit process, click Save , or press [ENTER]. Keyboard shortcut: [ALT + s]