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How to Calculate 2018 Federal Income Withhold Manually

ezPaycheck payroll software speeds up and simplifies payroll tax calculation, paycheck printing and tax reporting for small businesses. However if you like to calculate the taxes manually, you can find the step by step guide below.

Example: Karen is married, with 1 allowance. Her salary rate is $39000. She receives one paycheck each month. .

1. Her gross income for each paycheck is $3250

39000/12=$3250

2. Her standard deduction for each paycheck is $337.5

Year 2018 Standard Deduction is $4,150.00

For each paycheck: 4150/12=$345.83

3. Her taxable income for each paycheck is:

3250-345.83=$2904.17

4. Federal tax

Check Monthly tax table for married person
https://www.halfpricesoft.com/federal_income_tax_2018.asp

158.70 + 12% x (2904.17-2,550.00)=$201.20






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    Related Links:

  • ezPaycheck Quick Start Guide


  • How a add a new company account

  • How to handle both employees and contractors

  • How to handle restaurant tips

  • How to add a custom deduction and withhold it from each paycheck automatically

  • How to handle local taxes

  • How to handle State Disability Insurance (SDI)

  • How to print paycheck in different formats: check-on-top, check-in-middle, check-at-bottom or 3-per-page

  • How to print paycheck on blank stock

  • How to print paycheck on pre-printed checks

  • How to print paycheck with company logo

  • How to adjust check printing position

  • Sample Paychecks

  • Determine a Company's Name for e-Filing


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