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2017 FEDERAL INCOME TAX TABLES - Civica CMI

2017 FEDERAL INCOME TAX TABLES . Revised 12/27/2016. There are changes to the FEDERAL Tax TABLES for 2017 and the Social Security employee amount withheld. As a courtesy, CMI provides this handout to describe the changes; however, individual Payroll Administrators are responsible for reviewing IRS guidelines and maintaining tax TABLES . Please change your tax TABLES in TAX table MAINTENANCE as illustrated on the following pages. Use the following menu selection, listed below, that is applicable to your system: Application Menu PayX Client Server Special Functions/File Maintenance/Tax table Maintenance The dependent allowance (Withholding Allowance) has remained $4, The employee withholding percentage for Social Security is The employer tax rate remains unchanged at and the Social Security wage base is $127, for 2017 . NOTE: Per Notice 1036: In addition to withholding Medicare Tax at , you must withhold a Additional Medicare Tax from wages you pay to an employee in excess of $200,000 in a calendar year.

1 . 2017. FEDERAL INCOME TAX TABLES . Revised 12/27/2016 . There are changes tothe Federal Tax Tables for 7 and the Social Security 201 employee amount withheld.

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Transcription of 2017 FEDERAL INCOME TAX TABLES - Civica CMI

1 2017 FEDERAL INCOME TAX TABLES . Revised 12/27/2016. There are changes to the FEDERAL Tax TABLES for 2017 and the Social Security employee amount withheld. As a courtesy, CMI provides this handout to describe the changes; however, individual Payroll Administrators are responsible for reviewing IRS guidelines and maintaining tax TABLES . Please change your tax TABLES in TAX table MAINTENANCE as illustrated on the following pages. Use the following menu selection, listed below, that is applicable to your system: Application Menu PayX Client Server Special Functions/File Maintenance/Tax table Maintenance The dependent allowance (Withholding Allowance) has remained $4, The employee withholding percentage for Social Security is The employer tax rate remains unchanged at and the Social Security wage base is $127, for 2017 . NOTE: Per Notice 1036: In addition to withholding Medicare Tax at , you must withhold a Additional Medicare Tax from wages you pay to an employee in excess of $200,000 in a calendar year.

2 You are required to begin withholding Additional Medicare Tax in the pay period in which you pay wag- es in excess of $200,000 to an employee and continue to withhold it each pay period until the end of the calendar year. Additional Medicare Tax is only imposed on the employee. There is no employer share of Additional Medicare Tax. All wages that are subject to Medicare Tax are subject to Additional Medicare Tax withholding if paid in excess of the $200,000 withholding threshold. For more information on what wages are subject to Medicare Tax, see the chart, Special Rules for Various Types of Services and Payments, in section 15 of Publication 15 (Circular E), Employer's Tax Guide. If you have any employee who may exceed $200,000 in Medicare wages in 2015, please contact CMI. support for further instructions. 1. The next two pages show the PayX Client/Server TAX table MAINTENANCE. screens for Tax Codes FWTM and FWTS.

3 The last page shows the Deduction Maintenance menu for FICA. 2. FEDERAL Withholding Tax Single (the pathway is Special Functions, File Maintenance, Tax table Maintenance). 3. FEDERAL Withholding Tax Married (the pathway is Special Functions, File Maintenance, Tax table Maintenance). 4. Social Security/FICA Deduction Code (the pathway is Special Functions/File Maintenance/ Deduction Maintenance). 5. 2017 OHIO TAX TABLES . These are the same TABLES that were published in July. There aren't any changes for 2017 at this time. End 2017 Tax TABLES 6.


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