Contents of the Manage Federal Tax Tables Screen
Use the fields and options to configure the Manage Federal Tax Tables screen.
Identification
Field | Description |
---|---|
Effective Date |
Enter, or click to select, the date on which the tax becomes effective. The system format for this field is MM/DD/YYYY. Pay periods having a pay cycle end date the same as, or later than, the Effective Date use the related tax table rates. |
Filing Status |
From this drop-down list, select the filing status that applies, Married or Single. Separate tables are maintained for each filing status. |
Step 2 of W-4 | Select this check box to use the rates in this table if the employee selected the check box in Step 2 of Form W4. |
Federal Tax Table
If you have installed the tables supplied by Deltek, you can click to select and view the information. If you find additions are needed, click . Load the table with the rates that apply to each Filing Status. This table is very similar to the "annual" method table in your appropriate year Circular E IRS Publication.
Field | Description |
---|---|
For Taxable Income Over |
This column displays each level of taxable income. |
Base Tax |
This column displays the amount of base tax at each level. |
Percent of Excess |
This column displays the tax rate for the excess of income over the taxable income in the first column. |