State Withholding Tax Table Maintenance

State Withholding Tax Table Maintenance - Maine (W/Hx02)

Use State Withholding Tax Table Maintenance - Maine to maintain tax information for employees who must pay taxes to the state of Maine who are married, single, or in a couple (two-income status).

Tips:

Maine state tax tables include the following Table IDs:
W/HM02: Married
W/HS02: Single
W/HC02: Couples (two-income), which is optional
You must set up this tax table if you facility is located in Maine or if you have any employees located in Maine.
Normally, you must update the tax tables with applicable rate changes once each year - after generating W2s and before running the first payroll of the calendar year.
For a list of tax tables for other states, see the State Withholding Tax Table Maintenance Overview (W/Hxnn & CTnnn).

Directions:

To open State Withholding Tax table:

1. Click Payroll from the Menu.

2. Click Miscellaneous File Maintenance.

3. Click Table FM.

4. Click Numeric Tables.

5. Click State Withholding Tax.

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

State Withholding Tax - Maine Married - Table Maintenance Window Example:

Note: The tax limits and rates in the following tables are only examples. Tax withholding information is published annually.

State Withholding Tax - Maine Single - Table Maintenance Window Example:

State Withholding Tax - Maine Couples - Table Maintenance Window Example:

State Withholding Tax Table Maintenance - Maine Prompts Note: You can not create any new state tax tables. The necessary tables are created during the software installation and updates. Use the directions below to edit the tables with new rates.
State Code	The tax table for your facility's State Code displays. To display the tax table maintenance window for a different state, click the State Code in the drop-down list. (predefined)
Table ID	To specify whether you want to maintain the tax table for married, single, or couples taxpayers, click one of the following options in the drop-down list and then click Retrieve , or press [ENTER]. Married: Maintain the withholding information for married taxpayers in the W/HM02 table. Single: Maintain the withholding information for single taxpayers in the W/HS02 table. Couples: Maintain the withholding information for two-income taxpayers in the W/HC02 table.
	To update the changed information, click Save or press [ENTER]. Keyboard shortcut: [ALT + s]
	CAUTION To avoid losing data, you must save changed records.
Dependent Exemption	Enter the State Dependent Exemption amount. (numeric 6.2)
Gross Income Levels Over	For Gross Income Levels, enter the Over amount, which is the earnings cutoff amount used to determine the Base Amount to Withhold. (6.2 numeric) Tax Calculation Example - Maine Single Taxpayer: If a single person's annual gross wage is $10,350.00... Less exemption for one child = $2,850.00 Taxable Income = $10,350.00 - $2,850.00 = $7,500.00 Gross Income Level = 2 (see table) State Gross Income Over Amount = $6,850.00 State Base Amount to Withhold = $91.00 State Plus % of Excess Over Rate = 4.50% $7,500.00 - $6,850.00 = $650.00 Excess Taxable Amount Excess Taxable Amount $650.00 X % of Excess Over Rate 4.50% = Excess W/H Amount $29.25 Annual State Tax Withholding Amount = $91.00 + $29.25 = $120.25 Notes: To determine the withholding amount for the paycheck, divide the annual withholding amount by the number of pay periods in the year. This example is meant to illustrate how the tax table fields are used. Actual tax rates, limits, and calculations may vary from this example according to current state formulas.
Gross Income Levels Base	For Gross Income Levels, enter the State 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 Gross Income Levels, enter the State 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)