Disclaimer - Federal Withholding Tax Table
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Disclaimer * Federal Withholding Tax Table

Using The Federal Withholding Tax Table   
Carl LaFresnaye

The federal withholding tax table is used to determine the amount of taxes that an individual must pay according to his or her living status, amount of money he or she makes, and his or her age.

These charts help employers to determine what needs to be taken out of the person's paycheck each month or bi-weekly depending on what the person claims on their W-2. This helps to ensure that the individual will have paid enough taxes to the federal government by the end of the year so that he will not have to pay more taxes after he has his taxes done, which can cause a lot of undue stress at that time of year. A much better scenario is that the individual has paid more taxes than he owes to the government and is therefore owed a tax refund at the end of the year, meaning he helped the government out by lending that tax money to them for the year, but now it is time for the government to pay up.

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In This Corner: The Rush To Roth IRA Conversions (The Scranton Times-Tribune)
This year will be an extraordinary year for tax law, a tax year so potentially advantageous that we may never see its like again. One probable 2010 phenomenon: a wave of high-income and high net worth...

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Tax Table

If a person is single and the payroll is done on a bi-weekly basis, the percent of the tax on the federal withholding tax table is done according to the amount of money the person made during that pay period. For instance, if a person made up to $102, then there is not any tax withheld from that person's paycheck since they made so little. When they make from $1,306 to $3,066 per bi-weekly pay period, then the tax is figured based on $165.90 plus twenty-eight percent of $1,306, even if the person made at the top end of the pay bracket. If a person makes over $13,833 per pay period, then they owe $3992.11 plus thirty-five percent of $13,833 per pay period, even if they make significantly more than that amount.

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For Monmouth County Couple, Cash Flow Looks Good, But Extra Insurance May Come In Handy (The Star-Ledger)
Mina, 61, is retired and already collecting her pension. Her husband Jerry, 62, is almost there. They’re not sure how to determine which of Jerry’s pension options would be the best for...

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The same process is used on the federal withholding tax table for individuals who are married and filing jointly. If the income on a bi-weekly pay period is up to $308, then there is not any tax withheld from the paycheck. If the check is from $906 to $2,775 for that pay period, then the tax on the amount is $59.80 plus fifteen percent of $906, even if the individual made more than that amount. If the amount is $14,042 or more per pay period on a bi-weekly pay scale, the taxable income is $3,721.80 plus thirty-five percent of $14,042 even if the person makes significantly more than that per pay period. These federal withholding tax tables are for the employers to use, but are also helpful for the employees in deciding what to claim on their W-2 form, since they may want to change their status and lower their withholding, or raise their withholding, whatever the situation might call for.

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“CPA Moms - Tax Moms - EA Moms" are trade names given to Accounting and Tax Professionals who chose to work in an “relaxed” environment. Some "Moms" work from home, other work from personal offices. Not all are Moms, there are some Dads. We call them Mr. Tax Moms. CPA Dads or Enrolled Agents Dads.
Each Mom is independent. Once a client starts working with a Mom, the client will keep the same “Mom” year after year regardless of where the client moves or relocates. Being in a “relaxed” environment has many advantages. Lower overhead, faster response time, more availability, etc.
To be a member a CPA Mom, Tax Moms, or an Enrolled Agent Moms the Tax Professional must ALWAYS be in good standing with their state licensing agency, experienced, and must demonstrate a high level of ethics, professionalism and proficiency.
Tax Net Inc, the parent company for all CPA Moms, Tax Moms and Enrolled Agent Moms, developed the marketing and on-line systems to help qualified Tax Professionals who "choose" work from their “relaxed” environment and offer better service at a lower price to the consumer.
Since the “Moms” do taxes and accounting of all complexities, there is always a Mom available for every level of work. Since each Mom has a private 800 number, you are just a phone call away, regardless of where you live.
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In the articles shown above on this web site you will find information that has been collected from many independent sources. Each article or item may offers a different point of view, but not necessary that of the CPA Mom's. This information is for general information only.