Pyrl - Withholding

Purpose

This form is used to update your federal tax table.

Usage

This table information is used in the calculation of federal income tax withheld

on payroll checks.

The table this form allows you to update contains the dollar wage ranges and

percents from the Percentage Method of federal income tax withholding from the Internal Revenue Service publication called "Circular E - Employer's Tax Report."

A copy of the 'Circular E' publication may be obtained from your local IRS office. You will want to update this table at the end of each calendar year, regardless of your fiscal year.

Simply update the table once per year with the numbers from Circular E.

Percentages are entered as decimals. For example, thirty percent would be

entered as .30 to calculate correctly.(Not 30.0)

The payroll period and filing status combo boxes allow you to select specific

groups of records to facilitate the updating process. If you are sure you will

only pay employees of a few payroll periods, you may update only those. However, we recommend updating ALL of the records, since you may forget later and add an employee of another pay period or status.

Allowances button: Click this button to open the allowances update form.

Here you will need to update the dollar amount per withholding allowance also found in the Circular E publication. Enter the dollar amount for (1) allowance in each category.

Payroll Disclaimer:

Use of this software is under the agreement that Integral Accounting is not acting as an Accountant or agent for the end-user by providing this software for their use and may not be held liable for any misuse of this software, intentional or otherwise. All Reports should be reviewed by the user's Tax Advisor prior to submitting to IRS or any other entity.