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RealWorld 2012 Federal Tax Code Tables
Note that only tax rates and limits are shown. All other data such as account numbers and descriptions have been removed.
SCREEN 1: 2012
RealWorld
Tax tables |
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* 1. |
Tax authority |
Federal |
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* 2. |
Tax code |
(Not applicable) |
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3.
|
Description
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4. |
Tax rpt ID # |
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5. |
Tax liab acct # |
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6. |
Suppl earn w/h % |
25.00 |
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7. |
Minimum wage |
7.250 |
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----Employee---- |
----Employer---- |
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Define exemptions: |
Fed-w/h |
Soc-sec |
Medicare |
Soc-sec |
Medicare |
FUI |
EIC |
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8.
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Regular pay ?
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9. |
Overtime pay ? |
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10. |
Special pay ? |
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11. |
Holiday pay ? |
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12. |
Sick pay ? |
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13. |
Vacation pay ? |
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Make changes, <F1> = next tax code, <SF1> = previous tax code, <F3> = delete
Field number to change ? ___
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SCREEN 2: 2012
RealWorld
Tax tables |
|
14. |
Employer soc sec pct |
6.20 |
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*15. |
Employee soc sec pct |
4.20 (extended through December 31, 2012) |
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16. |
Maximum soc sec wages |
110,100.00 |
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17. |
Empr soc sec exp acct |
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18. |
Empr soc sec liab acct |
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19. |
Emp soc sec liab acct |
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20. |
Employer
medicare pct |
1.45 |
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21. |
Employer
medicare pct |
1.45 |
| |
22. |
Maximum
medicare wages |
.00 (No maximum) |
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23. |
Empr
medicare exp acct |
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| |
24. |
Empr
medicare liab acct |
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25. |
Emp
medicare liab acct |
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Field number to change ? ___
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Note: For PAS2000, Field 22 above is set to 999,999.99 to indicate "No maximum" for medicare wages.
*Note: Field 15 above is subject to change. Please confirm with 2012 Publication 15, Circular E..
SCREEN 3: 2012
RealWorld
Tax tables |
|
26. |
Federal unemployment % |
.60 (includes max credit for SUI) |
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27. |
Federal unemp max wages |
7,000.00 |
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28. |
FUI expense account # |
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29. |
FUI liability account # |
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30. |
Max 401(k) deferral |
17,000.00 |
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31. |
Vacation
pay exp acct # |
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32. |
Holiday
pay exp acct # |
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33. |
Sick
pay exp acct # |
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34. |
EIC
advance acct # |
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35. |
Loan
repayment acct # |
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36. |
Garnish
liability acct |
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Field number to change ? ___
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Note: The FUTA tax rate in Field 26 above was effective 7/01/2011.
Note: The 401(k) limit in Field 30 above does not include $5,500 of allowed "catch-up" contribution for tax year 2009.
SCREEN 4: 2012
RealWorld
Tax tables |
| 37.
Fed w/h allowance amt |
3,800.00 |
|
-----------Single-w/h-table-----------
|
----------Married-w/h-table-----------
|
|
$-amt |
%-amt |
On-amt-over |
|
$-amt |
%-amt |
On-amt-over |
| 38. |
.00 |
10.00 |
2,150 |
46. |
.00 |
10.00 |
8,100 |
| 39. |
870.00 |
15.00 |
10,850 |
47. |
1,740.00 |
15.00 |
25,500 |
| 40. |
4,867.50 |
25.00 |
37,500 |
48. |
9,735.00 |
25.00 |
78,800 |
| 41 |
17,442.50 |
28.00 |
87,800 |
49. |
27,735.00 |
28.00 |
150,800 |
| 42. |
43,482.50 |
33.00 |
180,800 |
50. |
48,665.00 |
33.00 |
225,550 |
| 43. |
112,683.50 |
35.00 |
390,500 |
51. |
105,062.00 |
35.00 |
396,450 |
| 44. |
.00 |
.00 |
0 |
52. |
.00 |
.00 |
0 |
| 45. |
.00 |
.00 |
0 |
53. |
.00 |
.00 |
0 |
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-------Single-one-cert-EIC-table------
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------Married-one-cert-EIC-table------
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$-amt |
%-amt |
On-amt-over |
|
$-amt |
%-amt |
On-amt-over |
| 54. |
.00 |
.00 |
0 |
57. |
.00 |
.00 |
0 |
| 55. |
.00 |
.00 |
0 |
58. |
.00 |
.00 |
0 |
| 56. |
.00 |
.00 |
0 |
59. |
.00 |
.00 |
0 |
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Field number to change ? ___
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SCREEN 5: 2012
RealWorld
Tax tables |
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----------Two-cert-EIC-table---------- |
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$-amt |
%-amt |
On-amt-over |
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| 60. |
.00 |
.00 |
0 |
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| 61. |
.00 |
.00 |
0 |
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| 62. |
.00 |
.00 |
0 |
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Field number to change ? ___
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The above tax tables are a sample based upon CSE's interpretation of the IRS Circular E figures for the current year. Be advised that some of your fields may need to be set up differently based on your company's requirements. This is only a sample. CSE claims no responsibility for incorrect tax withholding figures or the use or application of the above tax table figures. Please refer to the latest IRS Publication 15, Circular E for current figures. See Table 7, Annual Payroll Period, for more information on entering your Federal tax table amounts.
Revised 12/29/11 by Custom Software Experts, Inc., as per IRS Publication 15, Circular E and/or IRS Notice 1036 Early Release Tables for Income Tax Withholding.
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