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Methods of Witholding - Substantially Similar Methods

Substantially Similar Methods

Any method of withholding that yields an amount to be withheld that is substantially similar to that required under the federal wage bracket or percentage method tables may be used.

If the federal tax to be An employer devised method will be
withheld under the annual substantially similar if it yields a
percentage method table is tax to be withheld that is within

$10 to $100 $10 plus 10% of the excess over $10
of the amount required by the table

$100 to $1,000 $19 plus 3% of the excess over $100
of the amount required by the table

over $1,000 $46 plus 1% of the excess over
$1,000 of the amount required by the
table

In any event, an amount within $10 of the annual withholding requirement amount under the percentage method tables will be considered substantially similar.

 

FYI...  All our calculators are able to address Supplemental withholding rates. Note that Supplemental is an option in the Federal Filing Status field.