Iowa Admin. Code r. 876-8.8

Current through Register Vol. 47, No. 11, December 11, 2024

Rule 876-8.8 - Payroll tax tables

Tables for determining payroll taxes to be used for the period July 1, 2022, through June 30, 2023, are the tables in effect on July 1, 2022, for computation of:

1. Federal income tax withholding according to the percentage method of withholding for weekly payroll period. (Federal Income Tax Withholding Methods, Publication 15-T [2021].)

2. Iowa individual income tax withholding formula. (Iowa Department of Revenue [Effective January 1, 2022].)

3. Social Security and Medicare withholding (FICA) at the rate of 7.65 percent. (Internal Revenue Service, Circular E, Employer's Tax Guide, Publication 15 [2021].)

This rule is intended to implement Iowa Code section 85.61(6).

Iowa Admin. Code r. 876-8.8

ARC 7947B, IAB 7/15/09, effective 7/1/09; ARC 8943B, IAB 7/28/10, effective 7/1/10; ARC 9586B, IAB 6/29/11, effective 7/1/11; ARC 0222C, IAB 7/25/12, effective 7/1/12; ARC 0835C, IAB 7/10/2013, effective 6/30/2013

Amended by IAB July 9, 2014/Volume XXXVII, Number 1, effective 7/9/2014.

Amended by IAB July 6, 2016/Volume XXXIX, Number 01, effective 7/1/2016

Amended by IAB April 26, 2017/Volume XXXIX, Number 22, effective 5/31/2017

Amended by IAB July 4, 2018/Volume XLI, Number 1, effective 8/8/2018

Amended by IAB April 24, 2019/Volume XLI, Number 22, effective 5/29/2019

Amended by IAB May 20, 2020/Volume XLII, Number 24, effective 6/24/2020

Amended by IAB May 19, 2021/Volume XLIII, Number 24, effective 6/23/2021

Amended by IAB May 18, 2022/Volume XLIV, Number 23, effective 6/22/2022