Tax rate used in calculating Oregon state tax for year 2018

Withholding Formula >(Oregon Effective 2018)<

1. Subtract the nontaxable biweekly Thrift Savings Plan contribution from the gross biweekly wages.
   
   

2. Subtract the nontaxable biweekly Federal Health Benefits Plan payment(s) (includes dental and vision insurance program, and flexible spending account - health care and dependent care deductions) from the amount computed in step 1.
   
   

3. Add the taxable biweekly fringe benefits (taxable life insurance, etc.) to the amount computed in step 2 to obtain the adjusted gross biweekly wages.
   
   

4. Multiply the adjusted gross biweekly wages times 26 to obtain the gross annual wages.

5. Subtract the employee’s annualized Federal withholding tax from annualized gross pay to determine annualized taxable wages. The annualized Federal withholding tax to be deducted cannot exceed the maximum amount shown in the following table based on marital status and the annualized gross pay calculated in Step 4.

Tax Withholding Table Single (Regardless of the Number of Exemptions)
If the Amount of Taxable Income Is:		The Maximum Federal Deduction Amount Is:
Over:	But Not Over:
$         50,000	$   125,000	$      6,650
125,000	130,000	5,300
130,000	135,000	4,000
135,000	140,000	2,650
140,000	145,000	1,300
145,000	and over	0





Tax Withholding Table Married (Regardless of the Number of Exemptions)
If the Amount of Taxable Income Is:		The Maximum Federal Deduction Amount Is:
Over:	But Not Over:
$         50,000	$   250,000	$      6,650
250,000	260,000	5,300
260,000	270,000	4,000
270,000	280,000	2,650
280,000	290,000	1,300
290,000	and over	0





6. Determine the standard deduction allowance by applying the following guideline and subtract this amount from the annual wages.

If the Employee is:	The Standard Deduction is:
Single claiming less than 3 exemptions	>$2,215
Single claiming 3 or more exemptions	$4,435
Married	$4,435<

7. If the employee’s annualized gross wages calculated in Step 4 are less than $50,000, calculate the annual tax amount on the adjusted taxable wages using one of the tables below:
   

Tax Withholding Table Married or Single (With Three or More Exemptions)
If the Amount of Taxable Income Is:		The Amount of Oregon Tax Withholding Should Be:
Over:	But Not Over:				Of Excess Over:
$         0	$   6,900	$201	plus	5%	$      0
6,900	17,400	546	plus	7%	6,900
17,400	and over	1,281	plus	9%	17,400





Single (With Less Than Three Exemptions)
If the Amount of Taxable Income Is:		The Amount of Oregon Tax Withholding Should Be:
Over:	But Not Over:				Of Excess Over:
$        0	$       3,450	$   201	plus	5%	$      0
3,450	8,700	373.5	plus	7%	3,450
8,700	and over	741	plus	9%	8,700



8. If the employee’s annualized gross wages calculated in Step 4 are $50,000 or more, calculate the annual tax amount on the adjusted taxable wages using one of the tables below:
   

Tax Withholding Table Married or Single (With Three or More Exemptions)
If the Amount of Taxable Income Is:		The Amount of Oregon Tax Withholding Should Be:
Over:	But Not Over:				Of Excess Over:
$         0	$   38,915	$0	plus	0%	$      0
38,915	250,000	1,080	plus	9%	38,915
250,000	and over	22,014	plus	9.9%	250,000





Single (With Less Than Three Exemptions)
If the Amount of Taxable Income Is:		The Amount of Oregon Tax Withholding Should Be:
Over:	But Not Over:				Of Excess Over:
$        0	$       41,135	$   0	plus	0%	$      0
41,135	125,000	540	plus	9%	41,135
125,000	and over	11,007	plus	9.9%	125,000



9. Multiply the number of exemptions by $201 and subtract from the annual tax calculated above to obtain the annual Oregon tax withholding.
   
10. Divide the annual Oregon tax withholding by 26 to obtain the biweekly Oregon tax withholding.<