Office of the Assoc. VP/Controller

THE UNIVERSITY OF AKRON

FEDERAL WITHHOLDING TAX TABLES

(Effective –January 1, 2015)

Bi-weekly Pay Period

The IRS has issued revised payroll withholding tables, to be effective with the first payroll paid in January 2015. Before using the tables, please deduct/add the following amounts from/to your GROSS PAY as may be appropriate:

DEDUCT

1. Number of withholding ALLOWANCES claimed multiplied by $153.80for BI-WEEKLY payroll period.

2. Tax Deferred Annuities and Deferred Compensation.

3. Retirement contribution for STRS @ 13.00%, SERS @ 10.00% or PERS-LE @ 13.00% of GROSS PAY.

4. Flexible Spending Account deduction for Health Care and/or Dependent Care and Vision.

5. UA Choice Benefits - When total of benefits price tags exceed the total Choice dollars, with the exception of the cost of Dependent Life Insurance and Short Term Disability. Please refer to your UA Choice Benefits Confirmation Statement.

6. Parking

ADD

1. Taxable benefits such as taxable life and graduate fee remission.

TABLE 2-BIWEEKLY Payroll Period

(a) SINGLE person (including head of household) / (b) MARRIED person
If the amount of wages (after subtracting withholding allowances) is: / The amount of income tax to withhold is: / If the amount of wages (after subtracting withholding allowances) is: / The amount of income tax to withhold is:
Not over $88...... / $0 / Not over $331...... / $0
Over - / But not over- / Of excess over- / Over - / But not over- / Of excess over-
$88 / -$443 / $0.00 plus 10% / -$88 / $331 / -$1,040 / 10% / -$331
$443 / -$1,529 / $35.50 plus 15% / -$443 / $1,040 / -$3,212 / $70.90 plus 15% / -$1,040
$1,529 / -$3,579 / $198.40 plus 25% / -$1,529 / $3,212 / -$6,146 / $396.70 plus 25% / -$3,212
$3,579 / -$7,369 / $710.90 plus 28% / -$3,579 / $6,146 / -$9,194 / $1,130.20 plus 28% / -$6,146
$7,369 / -$15,915 / $1,772.10 plus 33% / -$7,369 / $9,194 / -$16,158 / $1,983.64 plus 33% / -$9,194
$15,915
$15,981 / -$15,981 / $4,592.28 plus 35%
$4,615.38 plus 39.6% / -$15,915
-$15,981 / $16,158
$18,210 / -$18,210 / $4,281.76 plus 35%
$4,999.96 plus 39.6% / -$16,158
-$18,210

STATE OF OHIO

(Effective 8/1/15)

(Exemption Value $25.00)

If taxable wage is:Excess

OverBut Not OverAmount to be Withheld is:Over

$ 0 $ 192.30$ .556%

$ 192.30$ 384.60$ 1.07 plus 1.112%$ 192.30

$ 384.60$ 576.90$ 3.21 plus 2.226%$ 384.60

$ 576.90$ 769.20$ 7.49 plus 2.782%$ 576.90

$ 769.20$ 1,538.40$ 12.84 plus 3.338%$ 769.20

$ 1,538.40$ 3,076.80$ 38.52 plus 3.894%$ 1,538.40

$ 3,076.80$ 3,846.00$ 98.43 plus 4.451%$ 3,076.80

$ 3,846.00$ 132.67 plus 5.563%$ 3,846.00

H:\shared\WORD\forms\TAXTBLES 2015 Rev. 8-1-15.doc

THE UNIVERSITY OF AKRON

Office of the Assoc. VP/Controller

FEDERAL WITHHOLDING TAX TABLES

(Effective –January 1, 2015)

Monthly Pay Period

The IRS has issued revised payroll withholding tables, to be effective with the first payroll paid in January, 2015. Before using the tables, please deduct/add the following amounts from/to your GROSS PAY as may be appropriate:

DEDUCT

1. Number of withholding ALLOWANCES claimed multiplied by $333.30 for MONTHLY payroll period.

2. Tax Deferred Annuities and Deferred Compensation.

3. Retirement contribution for STRS @ 13.00%, SERS @ 10.00% or PERS-LE @ 13.00% of GROSS PAY.

4. Flexible Spending Account deduction for Health Care and/or Dependent Care and Vision.

6. Parking

ADD

1. Taxable benefits such as taxable life and graduate fee remission.

TABLE 4-MONTHLY Payroll Period

(a) SINGLE person (including head of household) / (b) MARRIED person
If the amount of wages (after subtracting withholding allowances) is: / The amount of income tax to withhold is: / If the amount of wages (after subtracting withholding allowances) is: / The amount of income tax to withhold is:
Not over $192...... / $0 / Not over $717...... / $0
Over - / But not over- / Of excess over- / Over - / But not over- / Of excess over-
$192 / -$960 / 10% / -$192 / $717 / $2,254 / 10% / -$717
$960 / -$3,313 / $76.80 plus 15% / -$960 / $2,254 / -$6,958 / $153.70plus 15% / -$2,254
$3,313 / -$7,754 / $429.75 plus 25% / -$3,313 / $6,958 / -$13,317 / $859.30 plus 25% / -$6,958
$7,754 / -$15,967 / $1,540.00 plus 28% / -$7,754 / $13,317 / -$19,921 / $2,449.05 plus 28% / -$13,317
$15,967 / -$34,483 / $3,839.64 plus 33% / -$15,967 / $19,921 / -$35,008 / $4,298.17 plus 33% / -$19,921
$34,483
$34,625 / -$34,625 / $9,949.92 plus 35%
$9,999.62 plus 39.6% / -$34,483
-$34,625 / $35,008
$39,454 / -$39,454 / $9,276.88 plus 35%
$10,832.98 + 39.6% / -$35,008
-$39,454

STATE OF OHIO

(Effective 8/1/15)

(Exemption Value $54.16)

If taxable wage is:

Excess

OverBut Not OverAmount to be Withheld is:Over

$ 0 $ 416.66$ .556%

$ 416.66$ 833.32$ 2.32 plus 1.112%$ 416.66

$ 833.32$ 1249.98 $ 6.95 plus 2.226%$ 833.32

$ 1249.98$ 1666.64$ 16.22 plus 2.782%$ 1249.98

$ 1666.64$ 3333.28$ 27.81 plus 3.338%$ 1666.64

$ 3333.28$ 6666.56 $ 83.44 plus 3.894%$ 3333.28

$ 6666.56$ 8333.20$ 213.24 plus 4.451%$ 6666.56

$ 8333.20$ 287.42 plus 5.563%$ 8333.20

H:\shared\WORD\forms\TAXTBLES 2015 Rev. 8-1-15.doc