Tax rate used in calculating Missouri state tax for year 2018
| State Abbreviation: |
MO |
| State Tax Withholding State Code: |
29 |
| Basis for Withholding: |
State exemptions and the amount of Federal Income Tax witheld each pay period. |
| Acceptable Exemption Form: |
MO W-4 |
| Acceptable Exemption Date: |
S, M, N, H/Total Allowance Claimed |
| TSP Deferred: |
Yes |
| Special Coding: |
Determine the Total Number of Allowances Claimed field as follows:
First position - S = Single;
M = Married, One Spouse Working;
N = Married, Both Spouses Working;
H = Head of Household
Second and Third Positions - Enter the total number of allowances claimed. If less than 10, precede with a zero.
|
| Additional Information: |
None |
Withholding Formula >(Missouri Effective 2018)<
- 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 care 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 standard deduction by applying the following guideline and subtract this amount from the annual wages.
| If the Employee Is: |
The Standard Deduction Is: |
| Single |
>$6,350 |
| Married (One Spouse Working) |
12,700 |
| Married (Both Spouses Working) |
6,350 |
| Head of Household |
9,350< |
- Determine the exemption allowance by applying the following guideline and subtract this amount from the result of step 5:
If the Employee Is
Claiming Status As: |
Then the Exemption
Allowance Should Be: |
| Single claiming 1 exemption |
$ 2,100 |
| Married claiming 1 exemption |
2,100 |
| Head of Household, claiming 1 exemption |
3,500 |
| Head of Household, claiming 2 exemptions and each additional exemption thereafter |
1,200 |
- Multiply the biweekly Federal income tax withholding (calculated each pay period) by 27 to compute the annual Federal income tax withholding* and subtract this amount from the result of step 6.
* Maximum of $5,000 for Single/Head of Household and Married (Both Spouses Working)
Maximum of $10,000 for Married (One Spouse Working) |
- Apply the taxable income computed in step 7 to the following table to obtain the annual Missouri tax withholding.
Tax Withholding Table |
If the Amount of
Taxable Income Is: |
The Amount of Missouri
Tax Withholding Should Be: |
Over:
|
But Not
Over: |
blank |
blank
|
blank
|
Of Excess
Over: |
| $ 0 |
$1,008 |
$ 0 |
plus |
1.5% |
$ 0 |
| 1,008 |
2,016 |
15 |
plus |
2.0% |
1,008 |
| 2,016 |
3,025 |
35 |
plus |
2.5% |
2,016 |
| 3,024 |
4,032 |
60 |
plus |
3.0% |
3,024 |
| 4,032 |
5,040 |
90 |
plus |
3.5% |
4,032 |
| 5,040 |
6,048 |
125 |
plus |
4.0% |
5,040 |
| 6,048 |
7,056 |
165 |
plus |
4.5% |
6,048 |
| 7,056 |
8,064 |
210 |
plus |
5.0% |
7,056 |
| 8,064 |
9,072 |
260 |
plus |
5.5% |
8,064 |
| 9,072 |
and over |
315 |
plus |
6.0% |
9,072 |
- Divide the annual Missouri tax withholding by 26 and round to the nearest dollar to obtain the biweekly Missouri tax withholding.
More Payroll Information for Missouri Small Business
What is the cost of using ezPaycheck payroll software
Quick Start Guide for New Payroll Software Customers
How to start payroll in mid-year
How to handle tips in restaurants
How to handle the local taxes
How to print paycheck on blank stock
How to add a customized deduction and withhold it automatically
How to set up payroll tax options for church and non-profits
How to handle paychecks for both employees and contractors
How to file tax forms
How to enter the paychecks for after the fact payroll
|
in house payroll tax solution for Missouri small businesses here.
How to Calculate Missouri State Income Tax Withholdings Automatically
How to Create After the Fact Paychecks and Generate the Paystubs
PRODUCT
ezPaycheck: Pay Employees On Time