Missouri State Tax Routine (MOTX)
The Missouri (MOTX) State Tax Special Routine processing utilizes the following steps:
Line 1 |
Multiply the employee’s gross wages for the current payroll period by the number of payroll periods in a year to obtain their Annualized Gross Income (GI). |
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Line 2 |
Determine the Standard Deduction Allowance (Maximum SDA in TAXP) |
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Line 3 |
Determine the Taxable Amount by subtracting Line 2 from Line 1. |
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Line 4 |
Determine the Minimum Amount withheld from the DEDX. |
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Line 5 |
Determine the Net Taxable Income excess over by subtracting the Minimum amount withheld (Line 4) from the Taxable amount (Line 3). |
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Line 6 |
Determine the Amount of Tax Withholding**, using the Marginal Tax Rates (DEDX) entries for the State Tax deduction,
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Line 7 |
Divide the amount on Line 6 by the number of payroll periods in a year to determine the employee’s Missouri Withholding Tax for the pay period. |
* Determine the Amount of Tax Withholding
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Tax Rate Percent of the Net Taxable Income plus Base Tax Amount.