What's up? The Internal Revenue Service adopted new tax tables last year that imposed minimal increases in federal withholding in 2010. Payroll and human resources offices imposed the change on Jan. 1. But a lot of people who receive salaries for wages never got the word. Aaron Johnson at Automatic Payroll Systems Inc. noted last week that "employee take home pay will decrease . . ."
Johnson created a chart showing how much the withholding increase is by percentage in some wage brackets for single and married taxpayers:
- Salary and % Withholding Increase
$18,000 annual 7% single, 100% married.
$22,000 annual 5% single, 33% married.
$26,000 annual 4% single, 18% married.
$30,000 annual 3% single, 12% married.
$40,000 annual 2.5% single, 6% married.
$50,000 annual 1.7% maried, 4% single.
No comments:
Post a Comment