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Goldenseal Payroll
Software Info
US Federal Withholding
Tables
Free 2008 Payroll Tax Table Updates
New & Used
Swiss Army Knives
|
North Carolina collects withholding for state income
tax. Payroll tax amounts are calculated via a
'step' table that is similar to the federal withholding
tax tables. State payroll withholding tax tables
changed in 2008-- rates are the same, but the
highest tax bracket has been eliminated. The
NC withholding formulas have changed 6 times
in the past 18 years.
HINT-- Turtle Creek Software provides free annual updates for
US federal and North Carolina tax withholding rates.
| North Carolina
State Withholding Instructions |
To enter state and federal withholding tax info 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
a Tax Package into the Tax
Package field, depending
on the employees average
wages as compared to the
state cutoff (see note below).
- Enter
the employee's marital status
into the Marital
Status field.
- Enter
the number of federal dependents
into the Federal Exemptions
field.
- Enter
the number of North Carolina
state dependents into the
State Exemptions field.
- Click
OK.
State tax withholding uses different rates
for average weekly income that is above or below a cutoff
amount.
Enter the Line 1 tax package into the Tax
Package field if the employee’s weekly income is below
the cutoff, and use the Line 2 package if the weekly income
is above the cutoff. |
| North Carolina
State Unemployment Tax Instructions |
In 2008, North Carolina state unemployment
insurance tax is based
on the first $18,600
in wages for each
employee. The rate for
a new company is 1.2%. After two years
the SUTA rate is adjusted
to between 0% and 6.84%,
based on payroll, tax
paid, timeliness of
payments and UI benefits
charged against the employer
account.
To enter your North Carolina 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 the
North Carolina SUTA
tax in the list,
and double-click
on it. HINT:
If you don't see
N Carolina SUTA in
the list, you'll
need to import your
state's payroll info
first.
- Enter
your percentage rate
into the field to
the right of Calculation
method.
- Enter
the current tax cutoff
amount into the dollar
field to the right
of First Adjustment.
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| North
Carolina
Marital Status |
Enter the following choices into 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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| North
Carolina
Tax Contacts |
Payroll Tax Office-- 919 733-4626
SUTA-- 919 733-3991
North Carolina Department of Revenue
Revenue Building, Hillsborough & Salisbury
Raleigh NC 27640 |
| Official
State Lawn Ornament |
Biplane.
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