Computation for Withholding Tax

COMPUTATION FOR WITHHOLDING TAX

(Effective January 1, 2006)

BIWEEKLY PAYROLL PERIOD

Subtract from gross biweekly salary $126.92 for each exemption claimed on the W-4 form and the following employee deduction items: (1) Group Medical, Dental, Vision and ADD Insurance(s) (if in the Tax Saver Plan), (2) Teacher Retirement or Optional Retirement, (3) Tax Sheltered Annuities, (4) Deferred Compensation Plan, and (5) Tax Saver Plan Spending Account (including administrative fee). Add any longevity or hazardous duty payments. Use the resulting amount in the appropriate area below to compute the withholding tax.

Single Person - including head of household Married Person

If the wage in excess The amount of If the wage in excess The amount of of deducted income tax to of deducted exemptions income tax to

exemptions is: be withheld: is: be withheld:

Over - But Not Over Over - But Not Over

$ 0 - $ 102 -0- $ 0 - $ 308 -0-

102 - 385...... 10% less $ 10.20 308 - 881...... 10% less $ 30.80

385 - 1,240...... 15% less 29.45 881 - 2,617...... 15% less 74.85

1,240 - 2,817...... 25% less 153.45 2,617 - 4,881...... 25% less 336.55

2,817 - 6,025...... 28% less 237.96 4,881 - 7,517...... 28% less 482.98

6,025 - 13,015...... …..33% less 539.21 7,517 - 13,213...... 33% less 858.83

13,015 - 9,999,999...... ….35% less 799.51 13,213 - 9,999,999...... 35% less 1123.09

MONTHLY PAYROLL PERIOD

Subtract from gross monthly salary $275.00 for each exemption claimed on the W-4 form and the following employee deduction items: (1) Group Medical, Dental, Vision, and ADD Insurance(s) (if in the Tax Saver Plan), (2) Teacher Retirement or Optional Retirement, (3) Tax Sheltered Annuities, (4) Deferred Compensation Plan, and (5) Tax Saver Plan Spending Account (including administrative fee). Add any longevity or hazardous duty payments. Use the resulting amount in the appropriate area below to compute the withholding tax.

Single Person - including head of household Married Person

If the wage in excess The amount of If the wage in excess The amount of of deducted income tax to of deducted exemptions income tax to

exemptions is: be withheld: is: be withheld:

Over - But Not Over Over - But Not Over

$ 0 - $ 221 -0- $ 0 - $ 667 -0-

221 - 833...... 10% less $ 22.10 667 - 1,908...... 10% less $ 66.70

833 - 2,687...... 15% less 63.75 1,908 - 5,670...... 15% less 162.10

2,687 - 6,104...... 25% less 332.45 5,670 - 10,575...... 25% less 729.10

6,104 - 13,054...... 28% less 515.57 10,575 - 16,288...... 28% less 1,046.35

13,054 - 28,200………….33% less 1,168.27 16,288 - 28,629……… 33% less 1,860.75

28,200 - 9,999,999...... 35% less 1,732.27 28,629 - 9,999,999....…. 35% less 2,433.33

Social Security - (OASI Portion) - The employee will pay 6.20% to maximum earnings of $94,200 for this calendar year.

(OAHI Portion-Medicare) - The employee will pay 1.45% on all earnings (no maximum) for this calendar year.

Teacher Retirement (TRS) - The present employee contribution for TRS is 6.40% of gross earnings and the State contribution is 6.00%.

Optional Retirement Program (ORP) - The present employee contribution for ORP is 6.65% of gross earnings and the State contribution is 6.00% (or 8.50% if enrolled in ORP as of August 31, 1995.)

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