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Goldenseal Payroll
Software Info
US Federal Withholding
Tables
Free 2008 Payroll Tax Table Updates
New & Used
Swiss Army Knives
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Iowa has state income tax withholding that uses a standard deduction,
plus a credit amount for each exemption. It uses a 'step' table that
is similar to the federal payroll tax tables.
The Iowa state withholding tax formulas did not change
for 2008 (the tables have changed 5 times
in the past 16 years, most recently in April
2006).
NOTE-- Starting in 2006 we are using annualized
tables rather than weekly ones, since they are easier to match up to
the info available on the Iowa state website. Goldenseal will automatically
convert the tax tables to whatever payroll period you use.
| Iowa
State Withholding Instructions |
To enter withholding information for an employee in your Goldenseal company file,
follow these steps:
- Choose
Employees from the
Accounts menu.
- Locate
the employee record.
- Click
the Payroll Setup
button.
- Enter
the employee's marital
status into the Marital
Status field
(see note below).
- Enter
the number of federal
dependents into the
Federal Exemptions
field.
- Enter
the number of Iowa
dependents into the
State Exemptions
field.
- Enter
the Iowa
Tax Package
into
the Tax
Package
field. HINT--
If you
don't
see it
in the
list, you'll need
to import the
tax info
first.
- Click
OK.
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| Iowa
State Unemployment Tax Instructions |
In 2008, Iowa state unemployment cost applies
to the first $22,800
of each employee's wages.
For new employers, the starting rate is 8.0% for construction,
and 1.0% for other
businesses. In later
years the tax rate is
different for each company, depending on their experience rating.
To enter your Iowa SUTA tax rate into
the Goldenseal payroll software, follow these steps:
- Choose
Payroll Setup from
the Costs menu, and
choose Tax Items
from the submenu.
- You'll
see a list of Tax
Items. Locate Iowa
SUTA in the list,
and double-click
on it. HINT:
If you don't see
Iowa SUTA in the
list, you'll need
to import your
state's payroll info
first.
- Enter
the percentage rate
that you pay into
the percentage field
to the right of Calculation
method.
- If
the cutoff amount
has changed, enter
it into the dollar
field to the right
of First Adjustment.
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| Iowa
Marital Status |
Enter one of the following for each employee:
- Single-
single employee with
one personal exemption
- Married-
married employee
with two personal
exemptions
- Dual
Income- married
employee with one
personal exemption
- Head
of House- employee
claims Head of
Family status
- Other-
not used
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| Iowa
Tax Contacts |
Tax Forms Automated System-- 515 281-3114
SUTA-- 515 281-5640
Iowa Department of Revenue & Finance
Hoover State Office Building
Des Moines IA 50319 |
| Official
State Lawn Ornament |
Riding mower.
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