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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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Minnesota charges state income tax. The tax formula
changed in 2008, and in 17 of the past 18 years.
State income tax withholding amounts are calculated
from a set of 'step' formula tables that are
similar to the federal "formula method" payroll tax tables.
HINT-- Turtle Creek Software provides free annual updates for
US federal and Minnesota tax withholding rates.
| Minnesota
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 Minnesota
dependents into the
State Exemptions
field.
- Enter
the Minnesota 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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| Minnesota
State Unemployment Tax Instructions |
Minnesota charges state unemployment tax on
the first $25,000 of
wages for each employee
(2008 rate). For new
employers, the starting SUTA rate
is either 2.32% or 8%
depending on industry
(construction gets the
higher rate). After the first year, the rate paid by each employer
depends on their past
layoff history.
In some years, there may also be an Additional
Assessment, Federal Loan Interest Assessment, and/or Workforce
Enhancement Fee that are added to the initial SUTA rate.
To enter the Minnesota SUTA tax rate
for your business 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 the
SUTA tax in the list,
and double-click
on it. HINT:
If you don't see
SUTA in the list,
you'll need to import the
Minnesota payroll
info first.
- Enter
the percentage rate
that you pay into
the percentage field
next to the Calculation
method.
- If
the cutoff amount
has changed, enter
it into the dollar
field to the right
of First Adjustment.
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| Minnesota
Marital Status |
Enter one of the following in the Marital Status
field for each employee account:
- 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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| Minnesota
Tax Contacts |
Payroll Tax Office-- 800 657-3594
SUTA-- 612 296-6141
Minnesota Fiduciary Income Tax
Mail Sta 7131
St. Paul MN 55146-7131 |
| Little
Known Minnesota Tax Fact |
Minnesota residents are allowed
to claim up to 25 mosquitos as dependents on
state income tax forms.
Use form MN-25MSQ to claim
this credit. |
| Official
State Lawn Ornament |
Pink plastic flamingo wearing earmuffs and
scarf.
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