Can someone explain AZ's withholding tax rates?

Boba Fett · 12-19-2003, 04:11 PM

How does one determine which rate to select?
10%, 18%, 21%...etc.

drwombat · 01-07-2004, 09:01 AM

Since AZ calculates income tax based on your Federal AGI, withholding is calculated as "if the Fed takes X dollars each paycheck, I want the state to withhold 21% of X each paycheck"

It's odd. I know.

Boba Fett · 01-07-2004, 04:44 PM

Maybe a dumb follow up question but, would it be more advantageous to withhold more or less of what the fed takes?

drwombat · 01-09-2004, 08:12 AM

by having the state withhold the 28% of fed bracket.

01-07-2004, 09:01 AM	#2
drwombat Elder Member Garage is empty, add now Join Date: Dec 2002 Posts: 10,700	It's a percentage of the federal amount. Since AZ calculates income tax based on your Federal AGI, withholding is calculated as "if the Fed takes X dollars each paycheck, I want the state to withhold 21% of X each paycheck" It's odd. I know. __________________ If I had a sig, I would put it here. Well, maybe right here, actually.

01-07-2004, 04:44 PM	#3
Boba Fett AudiWorld Expert Garage is empty, add now Join Date: Mar 2000 Posts: 26,136	Hmmm..ok I think I get it now. Maybe a dumb follow up question but, would it be more advantageous to withhold more or less of what the fed takes? __________________

01-09-2004, 08:12 AM	#4
drwombat Elder Member Garage is empty, add now Join Date: Dec 2002 Posts: 10,700	Typically, as a single person, I have come out about even by having the state withhold the 28% of fed bracket. __________________ If I had a sig, I would put it here. Well, maybe right here, actually.

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