Federal Withholding Tax Rates for 2008
Advance Earned Income Credit for 2008
State of Kansas Withholding Tax Rates for 2008
Federal Withholding Tax Rates for 2008
New federal withholding tax rates are in effect and will be used for all paychecks dated January 1, 2008 and later. The federal withholding allowance amount increases to $3,500.00.
Federal withholding tax is computed as follows:
| Computation Steps | Example: Single & One Allowance | Example:Married & Two Allowances |
|---|---|---|
| 1. Biweekly gross salary less tax sheltered amounts | $1,000.00 | $1,000.00 |
| 2. Multiply by 26 to get the annual taxable wage | x26 | x26 |
| _________ | _________ | |
| $26,000.00 | $26,000.00 | |
| 3. Multiply the number of allowances claimed on Form W-4 (also shown on paychecks stubs) by $3500.00. | - $3500.00 | - $7000.00 |
| 4. Federal withholding tax base (FWTB) | $22,500.00 | $19,000.00 |
Using the federal withholding tax base (FWTB) determined in the table above, compute the federal withholding tax from one of the following tables.
| WAGES LESS WITHOLDING ALLOWANCE | INCOME TAX TO BE WITHHELD | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| OVER | BUT NOT OVER | OF EXCESS OVER | |||||||||||
| $ | 0.00 | $ | 2,650.00 | $ | .00 | $ | |||||||
| $ | 2,650.00 | $ | 10,300.00 | $ | .00 | PLUS 10 | % | $ | 2,650.00 | ||||
| $ | 10,300.00 | $ | 33,960.00 | $ | 765.00 | PLUS 15 | % | $ | 10,300.00 | ||||
| $ | 33,960.00 | $ | 79,725.00 | $ | 4,314.00 | PLUS 25 | % | $ | 33,960.00 | ||||
| $ | 79,725.00 | $ | 166,500.00 | $ | 15,755.25 | PLUS 28 | % | $ | 79,725.00 | ||||
| $ | 166,500.00 | $ | 359,650.00 | $ | 40,052.25 | PLUS 33 | % | $ | 166,500.00 | ||||
| $ | 359,650.00 | $ | 103,791.75 | PLUS 35 | % | $ | 359,650.00 | ||||||
Divide the result by 26 to obtain the amount of federal tax to be withheld from the paycheck each pay period.
| WAGES LESS WITHOLDING ALLOWANCE | INCOME TAX TO BE WITHHELD | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| OVER | BUT NOT OVER | OF EXCESS OVER | |||||||||||
| $ | 0.00 | $ | 8,000.00 | $ | .00 | $ | |||||||
| $ | 8,000.00 | $ | 23,550.00 | $ | .00 | PLUS 10 | % | $ | 8,000.00 | ||||
| $ | 23,550.00 | $ | 72,150.00 | $ | 1,555.00 | PLUS 15 | % | $ | 23,550.00 | ||||
| $ | 72,150.00 | $ | 137,850.00 | $ | 8,845.00 | PLUS 25 | % | $ | 72,150.00 | ||||
| $ | 137,850.00 | $ | 207,700.00 | $ | 25,270.00 | PLUS 28 | % | $ | 137,850.00 | ||||
| $ | 207,700.00 | $ | 365,100.00 | $ | 44,828.00 | PLUS 33 | % | $ | 207,700.00 | ||||
| $ | 365,100.00 | $ | 96,770.00 | PLUS 35 | % | $ | 365,100.00 | ||||||
Divide the result by 26 to obtain the amount of federal tax to be withheld from each paycheck each pay period.
Tax Shelter amounts include TSA retirement (Board of Regents Retirement Plan), KPERS deduction, voluntary TSA contribution, Kansas deferred compensation deduction, employee premiums for non-taxable group health insurance, KanElect flexible spending account deductions, and pre-tax parking.
Advance Earned Income Credit for 2008
To determine the amount of advance earned income credit use the following tables. Do not deduct the withholding exemption from the gross wages.
| IF THE AMOUNT OF WAGES (BEFORE DEDUCTING WITHHOLDING ALLOWANCES) IS: | THE AMOUNT OF PAYMENT TO BE MADE SHALL BE: | |||||
|---|---|---|---|---|---|---|
| OVER | BUT NOT OVER | |||||
| $ | 0.00 | $ | 8,580.00 | 20.40% OF WAGES | ||
| $ | 8,580.00 | $ | 15,740.00 | $1,750.00 | ||
| $ | 15,740.00 | $1,750.00 LESS 9.588% OF WAGES IN EXCESS OF $15,740.00 | ||||
| IF THE AMOUNT OF WAGES (BEFORE DEDUCTING WITHHOLDING ALLOWANCES) IS: | THE AMOUNT OF PAYMENT TO BE MADE SHALL BE: | |||||
|---|---|---|---|---|---|---|
| OVER | BUT NOT OVER | |||||
| $ | 0.00 | $ | 8,580.00 | 20.40% OF WAGES | ||
| $ | 8,580.00 | $ | 18,740.00 | $1,750.00 | ||
| $ | 18,740.00 | $1,750.00 LESS 9.588% OF WAGES IN EXCESS OF $18,740.00 | ||||
| IF THE AMOUNT OF WAGES (BEFORE DEDUCTING WITHHOLDING ALLOWANCES) IS: | THE AMOUNT OF PAYMENT TO BE MADE SHALL BE: | |||||
|---|---|---|---|---|---|---|
| OVER | BUT NOT OVER | |||||
| $ | 0.00 | $ | 4,290.00 | 20.40% OF WAGES | ||
| $ | 4,290.00 | $ | 9,370.00 | $875.00 | ||
| $ | 9,370.00 | $875.00 LESS 9.588% OF WAGES IN EXCESS OF $9,370.00 | ||||
State of Kansas Withholding Rates for 1999 and Later
New State of Kansas withholding tax rates are in effect and will be used for all paychecks dated January 1, 1999 and later. The Kansas withholding allowance amount increases to $2250.00.
Kansas withholding tax is computed as follows:
| Computation Steps | Example: Single & One Allowance | Example:Married & Two Allowances |
|---|---|---|
| 1. Biweekly gross salary less tax sheltered amounts | $1,000.00 | $1,000.00 |
| 2. Multiply by 26 to get the annual taxable wage | x26 | x26 |
| _________ | _________ | |
| $26,000.00 | $26,000.00 | |
| 3. Multiply the number of allowances claimed on Form W-4 (also shown on paychecks stubs) by $2250.00. | - $2250.00 | - $4500.00 |
| 4. Kansas withholding tax base (SWTB) | $23,750.00 | $21,500.00 |
Using the Kansas withholding tax base (SWTB) determined in the table above, compute the Kansas withholding tax from one of the following tables.
| WAGES LESS WITHOLDING ALLOWANCE | INCOME TAX TO BE WITHHELD | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| OVER | BUT NOT OVER | OF EXCESS OVER | |||||||||||
| $ | 0.00 | $ | 3000.00 | $ | .00 | $ | |||||||
| $ | 3000.00 | $ | 18,000.00 | $ | .00 | PLUS 3.50 | % | $ | 3000.00 | ||||
| $ | 18,000.00 | $ | 33,000.00 | $ | 525.00 | PLUS 6.25 | % | $ | 18,000.00 | ||||
| $ | 33,000.00 | Over | $ | 1,462.50 | PLUS 6.45 | % | $ | 33,000.00 | |||||
Divide the result by 26 to obtain the amount of Kansas tax to be withheld from the paycheck each pay period.
| WAGES LESS WITHOLDING ALLOWANCE | INCOME TAX TO BE WITHHELD | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| OVER | BUT NOT OVER | OF EXCESS OVER | |||||||||||
| $ | 0.00 | $ | 6000.00 | $ | .00 | $ | |||||||
| $ | 6000.00 | $ | 36,000.00 | $ | .00 | PLUS 3.50 | % | $ | 6000.00 | ||||
| $ | 36,000.00 | $ | 66,000.00 | $ | 1,050.00 | PLUS 6.25 | % | $ | 36,000.00 | ||||
| $ | 66,000.00 | Over | $ | 2,925.00 | PLUS 6.45 | % | $ | 66,000.00 | |||||
Divide the result by 26 to obtain the amount of Kansas tax to be withheld from the paycheck each pay period.
Change your tax Withholdings
Memorandum to Personnel Specialists for Tax Rates are available to print in PDF:
