Updating Federal Withholding Tables

Adjust the following federal tax withholding items in the MacNail construction accounting software:

NOTE-- Our newer Goldenseal construction payroll software is much easier to use! You can import federal tax changes from a free website download, each year.

1. Change employer and employee portions of FICA (Social Security), and the maximum wage to which it is applied.
2. Change FUTA (Federal Unemployment tax) and SUTA (State Unemployment tax) percentages, and the maximum wage to which they apply.
3. Change the weekly withholding allowance for each deduction.
4. Change the weekly single and married withholding rates, using the 'step' formulas on the worksheet. These figures can be found in the Tables for Percentage Method of Withholding.

NOTE: Use the weekly formulas even if your payroll period is not weekly. All rates will be adjusted when the pay period is entered into the Days in Pay Period cell of the Payroll Blank worksheet.