Payroll Tax Table Update

Product Group:
MAS 90 and MAS 200
Product Affected:
Payroll Tax Table Update Level 3.71-3.72 and 4.00-4.05
Number:
PR3026-KBA
Date:
December 10, 2004
Subject:
2005 Payroll Tax Tables Update Level 4.05, dated 12/10/04 2004
Resolution:

The following list of changes contained on the 2005 Q1 Tax Table Update, dated 12/10/04.

 
         
Code State Description Items Changed   Amount
         
FED Federal Withholding tax tables    
FED Federal Dependent exemption increase   3,200
FED Federal Social Security Tax wage base increase   90,000
FED Earned Income Credit Withholding tax tables    
AK Alaska UI wage base increase   27,900
AZ Arizona

New withholding percentages

   
    19% 23% 25% 31% 37%    
    Withholding percentage of 10% remains    
CA California Withholding tax tables    
CA California SDI rate decrease  
1.08%
CA California SDI taxable wage limit increase  
79,418
HI Hawaii UI wage base increase  
32,300
HI Hawaii Disability insurance wage base increase
Annual
39,126.88
     
Weekly
752.44
IA Iowa UI wage base increase  
20,400
IL Illinois UI wage base increase  
10,500
KY Kentucky Standard deduction increase  
1,910
ME Maine

Withholding tax tables

 
MD Maryland

Withholding tax tables

 
MD Maryland

Filing Statuses added:

 
    Filing Status 15--2.56% Local Income Tax  
    Filing Status 16--2.62% Local Income Tax  
    Filing Status 17--2.63% Local Income Tax  
    Filing Status 18--2.80% Local Income Tax  
    Filing Status 19--2.83% Local Income Tax  
    Filing Status 20--2.90% Local Income Tax  
    Filing Status 21--2.93% Local Income Tax  
    Filing Status 22--2.96% Local Income Tax  
    Filing Status 23--3.05% Local Income Tax  
    Filing Status 24--3.06% Local Income Tax  
    Filing Status 25--3.15% Local Income Tax  
MD Maryland The following Filing Statuses are no longer valid. If these statuses are being used, new Filing Statuses will need to be assigned:  
    Filing Status 12--2.95% Local Income Tax  
    Filing Status 13--3.00% Local Income Tax  
    Filing Status 4--2.60% Local Income Tax  
MI Michigan Dependent exemption increase  
3,200
MN Minnesota Dependent exemption increase  
3,200
MN Minnesota UI wage base increase  
23,000
MO Missouri UI wage base increase  
11,000
MT Montana Withholding tax tables  
MT Montana Dependent exemption increase  
1,900
MT Montana UI wage base increase  
21,000
NC North Carolina UI wage base increase  
16,700
ND North Dakota Withholding tax tables  
ND North Dakota UI wage base increase  
19,400
NJ New Jersey Withholding tax tables  
NJ New Jersey UI wage base increase  
24,900
NJ New Jersey Disability Insurance wage base increase  
24,900
NM New Mexico UI wage base increase  
17,200
NV Nevada UI wage base increase  
22,900
NY New York Withholding tax tables  
 
OK Oklahoma UI wage base increase  
13,800
RI Rhode Island Temporary Disability Insurance wage base increase  
49,000
RI Rhode Island Temporary Disability Insurance rate decrease  
1.4%
RI Rhode Island UI wage base increase  
16,000
UT Utah UI wage base increase  
23,200
VA Virginia Standard deduction increase  
3,000
VA Virginia Dependent exemption increase  
900
VA Virginia New Personal exemption for 65 and over and for the Blind  
800
VA Virginia New filing status 65B for 65 and over and for the Blind  
VT Vermont Withholding tax tables  
VT Vermont Dependent exemption increase  
3,200
WA Washington UI wage base increase  
30,500
WY Wyoming UI wage base increase  
16,400

 

PR3026-KBA
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