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
|
| 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. |
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.
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. |