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TKT Payroll uses the 'Alternate Method of Withholding Wisconsin Income Tax' shown on page 25 of Publication W-166.
http://www.revenue.wi.gov/pubs/pb166.pdf
The following calculation for the deduction amount has to be done only one time for each employee. The deduction amount must be entered in the box to the right of 'Annual Standard Deduction, Additional Allow., Personal Exemption Allow ->' in each Employee Record.
Single Employees
The deduction amount for Single employees with gross pay of $17,780 or less is $6,702. Enter 6702 in the Employee Record for those employees.
The calulation for all other Single employees is 6702 - 12% x (Annual gross earnings - 17780).
For Example, if a Single employee's annual gross is $18,200, the deduction calculation of 6651.60 is below:
6702 - 12% x (18200 - 17780) = 6651.60
Married Employees
The deduction amount for Married employees with gross pay of $25,727 or less is $9,461. Enter 9461 in the Employee Record for those employees.
The calulation for all other Married employees is 9461 - 20% x (Annual gross earnings - 25727).
For Example, if the Married employee's annual gross is $26,000, the deduction calculation of 9406.40 is below:
9461 - 20% x (26000 - 25727) = 9406.40
In addition, the number of exemptions claimed by the employee on Form WT-4 should be entered on the Employee Record in the box to the right of "State Tax Allowances....".
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