Tax rate used in calculating Oklahoma state tax for year 2016 State Abbreviation: | OK | State Tax Withholding State Code: | 40 | Basis For Withholding: | State or Federal Exemptions | Acceptable Exemption Form: | None | Acceptable Exemption Data: | None | TSP Deferred: | Yes | Special Coding: | None | Additional Information: | If no state income tax certificate has been processed or no valid state exemption code is present, the Federal exemptions will be used in the computation of state taxes. | Withholding Formula >(Oklahoma Effective 2016)< - Subtract the nontaxable biweekly Thrift Savings Plan contribution from the gross biweekly wages.
- Subtract the nontaxable biweekly Federal Health Benefits Plan payment(s) (includes dental and vision insurance program, and flexible spending account - health cae and dependent care deductions) from the amount computed in step 1.
- Add the taxable biweekly fringe benefits (taxable life insurance, etc.) to the amount computed in step 2 to obtain the adjusted gross biweekly wages.
- Multiply the adjusted gross biweekly wages by 26 to obtain the annual wages.
- Determine the exemption allowance by applying the following guideline and subtract this amount from the result of step 4.
Exemption Allowance = $1,000 X Number of Exemptions - If the employee is SINGLE, apply the following tax rates to annual taxable wages to determine the annual tax amount:
Tax Withholding Table
Single | If the Amount of
Taxable Income Is: | The Amount of Oklahoma
Tax Withholding Should Be: |
Over:
| But Not
Over: | | | | Of Excess
Over: | | $ 0 | >$6,300 | $ 0.00 | plus | 0.0% | $ 0 | | $6,300 | 7,300 | $ 0.00 | plus | 0.5% | >6,300 | | 7,300 | 8,800 | 5.00 | plus | 1.0% | 7,300 | | 8,800 | 10,050 | 20.00 | plus | 2.0% | 8,800 | | 10,050 | 11,200 | 45.00 | plus | 3.0% | 10,050 | | 11,200 | 13,500 | 79.50 | plus | 4.0% | 11,200 | | 13,500 | and over | 171.50 | plus | 5.0% | 13,500 | - If the employee is MARRIED, apply the following tax rates to annual taxable wages to determine the annual tax amount:
Married | If the Amount of
Taxable Income Is: | The Amount of Oklahoma
Tax Withholding Should Be: |
Over:
| But Not
Over: | | | | Of Excess
Over: | | $ 0 | $>12,600 | $ 0.00 | plus | 0.0% | $ 0 | | 12,600 | 14,600 | 0.00 | plus | 0.5% | >12,600 | | 14,600 | 17,600 | 10.00 | plus | 1.0% | 14,600 | | 17,600 | 20,100 | 40.00 | plus | 2.0% | 17,600 | | 20,100 | 22,400 | 90.00 | plus | 3.0% | 20,100 | | 22,400 | 24,800 | 159.00 | plus | 4.0% | 22,400 | | 24,800 | and over | 255.00 | plus | 5.0% | 24,800 | - Divide the annual Oklahoma tax withholding by 26 and round to the nearest dollar to obtain the biweekly Oklahoma tax withholding.
- Add additional amount or percentage elected by the employee to the pay period tax calculated in the above step and ROUND TO THE NEAREST DOLLAR to determine the amount of tax to be withheld for this payroll period.
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