Comments on: how to process a manual payroll check. what are the current deduction rates for taxes? http://netclubusa.net/323/how-to-process-a-manual-payroll-check-what-are-the-current-deduction-rates-for-taxes/ Be smart, do your taxes on time! Fri, 06 Jul 2012 04:39:35 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: grover42doa http://netclubusa.net/323/how-to-process-a-manual-payroll-check-what-are-the-current-deduction-rates-for-taxes/comment-page-1/#comment-4386 grover42doa Wed, 28 Jul 2010 13:29:21 +0000 http://netclubusa.net/323/how-to-process-a-manual-payroll-check-what-are-the-current-deduction-rates-for-taxes/#comment-4386 For Federal stuff, it's easy. Just look up the amounts in the Circular E from the IRS for this year. http://www.irs.gov/pub/irs-pdf/p15.pdf In case you don't see it, you have to withhold 6.2% for OASDi and 1.4% for Medicare as well so long as they have not met the wage based limit for 2006 yet. For State taxes, you'll have to look and find out what taxes you need to withhold, and at what rate. For Federal stuff, it’s easy. Just look up the amounts in the Circular E from the IRS for this year.

http://www.irs.gov/pub/irs-pdf/p15.pdf

In case you don’t see it, you have to withhold 6.2% for OASDi and 1.4% for Medicare as well so long as they have not met the wage based limit for 2006 yet.

For State taxes, you’ll have to look and find out what taxes you need to withhold, and at what rate.

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