Iowa Withholding Formula for Wages Paid Beginning January 1, 2020
Standard deduction amounts can be found below. Standard Deduction Amounts by Pay Period (Denoted as S) Step 3: T3 = T2 x R (R: Withholding tax rates) Multiply T2 (taxable income) by the appropriate tax rates (R) shown in Chart 1 “Withholding Tax Rates and Brackets by Pay Period for Tax Year 2020” on the next page. Step 4: T4 = T3 – C x N ................
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