Tax rate used in calculating South Carolina state tax for year 2017
State Abbreviation:
|
SC
|
State Tax Withholding
State Code:
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45
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Acceptable Exemption
Form:
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WH 1602
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Basis For Withholding:
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State Exemptions
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Acceptable Exemption
Data:
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0 / Number of Exemptions
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TSP Deferred:
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Yes
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Special Coding:
|
Determine the Total Number
Of Allowances field as follows:
First
Position - Enter 0 (zero).
Second
and Third Positions - Enter the number of exemptions claimed.
|
Additional Information:
|
None
|
|
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Withholding Formula (South Carolina Effective 2017)
- Subtract the biweekly Thrift Savings Plan contribution from the gross
biweekly wages.
- Multiply the adjusted gross biweekly wages by 26 to obtain the annual
wages.
- Determine the standard deduction by applying the following guideline
and subtract this amount from the annual wages.
If
The Number of Exemptions
Claimed1 Is:
|
Subtract This
Amount2:
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1 or more
|
10% of annual wages or
$2,600
|
1 Use
annual wages when no exemptions are claimed.
2 Use
the lesser amount.
|
- Determine the exemption allowance by applying
the following guideline and subtract this amount from the result of
step 3 to compute the taxable income.
Exemption Allowance = $2,300 x Number of Exemptions
- Apply the taxable income computed in step
4 to the following table to obtain the South Carolina tax withholding.
Tax Withholding Table
|
If the Amount of
Taxable Income Is:
|
The Amount of South
Carolina
Tax Withholding Should Be:
|
Over:
|
But Not
Over:
|
|
Of Excess
Over:
|
$ 0
|
$ 2,000
|
$ 0
|
plus
|
2%
|
$ 0
|
2,000
|
4,000
|
40
|
plus
|
3%
|
2,000
|
4,000
|
6,000
|
100
|
plus
|
4%
|
4,000
|
6,000
|
8,000
|
180
|
plus
|
5%
|
6,000
|
8,000
|
10,000
|
280
|
plus
|
6%
|
8,000
|
10,000
|
and over
|
400
|
plus
|
7%
|
10,000
|
- Divide the annual
South Carolina tax withholding by 26 to obtain the biweekly South Carolina
tax withholding.
|