Use this screen to establish and maintain the Federal Income Tax Withholding Tax Rates that are used to withhold Federal Income Taxes from the employees' paychecks.

Load the existing tables when initializing Costpoint, and modify the tables whenever they become outdated, per Federal publications and the Tax Tables updates. (The current tax tables are loaded in Costpoint. You receive copies of the new Tax Tables semi-annually in February and August when the new tables are created.) These tables must be current before your first payroll of the new calendar (payroll) year is processed. To modify existing information for an Effective Date, click to retrieve the record, and then change the applicable line data. To add new information for an Effective Date, click and enter the new record.