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What information is included in the federal withholding tax table?

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Quick Answer

The federal withholding tax table contains information relevant to wage earners and employers to determine the proper amount of funds to be withheld from an employee's wages, according to the IRS. The values and rates represented on the table are not necessarily reflective of the total amount of taxes owed by the employee.

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What information is included in the federal withholding tax table?
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Full Answer

Included in the federal withholding tax table are income amounts separated by tax rate brackets, explains the IRS. All single employees who earn at least $2,300 and married employees who earn at least a combined $8,600 in a given year are subject to automatic withholding, including a federal income tax rate of 10 percent. The highest income tax rate bracket listed on the table for both married and single employees is 39.6 percent. Single employees with earnings exceeding $415,500 are subject to the highest tax rate, and married employees with a combined income of $473,450 are taxed at the top tax rate.

Other information included in the federal withholding tax table relates to FICA or Social Security taxes, Medicare, and federal unemployment tax, notes the IRS. Each respective tax rate is listed in the table along with the amount of earnings subject to the tax. For example, FICA tax is applied to a maximum of $118,500 in annual earnings, whereas Medicare tax is applied to unlimited maximum annual earnings. The federal withholding tax table and the specific procedures for employers who withhold taxes can be found through the Internal Revenue Service's Publication 15.

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