Chapter 1

Note: The current flat tax rate for supplemental wages can be found in IRS Publication 15, (Circular E) Employer’s Tax Guide. Effective Date Flat Tax Rate October 1, 1996 28 percent August 7, 2001 27.5 percent January 1, 2002 27 percent May 27, 2003 25 percent January 1, 2005 27 percent January 1, 2006 25 percent Continued on next page 6. ................
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