Calculate standard deduction

1. Calculate standard deduction percent (Rounded to 4 decimal places)

• If Annualized Wage less than Phase out minimum: 100%
• If Annualized Wage greater than Phase out maximum: 0%
• Else Standard decuction * ( ( Phase out maximum - Annualized Wage ) / Phase out divisor )

2. Multiply standard deduction by standard deduction percent

Withholding Allowance: $4,300.00

Supplemental wages: 5.00%

Note(s):

• All amounts are annual unless otherwise noted
• Withheld amount must be rounded to the nearest dollar.