How do you calculate payroll with holdings?

Answer by  mark31 (7)

In order to calculate payroll witholdings, examine your total pay amount. This may be calculated by taking your total hours worked and multiplying by the rate of pay per hour. Now, multiply by the percentage of witholding; Example, if you are paid $500.00, and your payroll percentage of witholdings is 25%, the amount withheld will be $125.00.

Answer by  kcbizz (18)

Complete a W4 and use the IRS withholding tables and depending on your marriage stats and other withholding payrolls that may emerge your will get an averge calculation of your wage! Or you can simply use an online payroll withholding calculator as this will most likely be more accurate in the long run.

Answer by  HUNM25 (713)

Payroll holdings are calculated using the number of allowances required by an employee. This number is usually filled out on the W4 form. You have to take that into consideration.

Answer by  shopping4thebest (23)

To calculate payroll with holdings--you would need to know what the state mandate holdings are, also the allowances that the employee is claiming for the federal taxes along with retirement pension and any health insurance being deducted--the balance would be net pay.

Answer by  Travis404607 (3916)

Payroll withholdings are based on the number of allowances an employee chooses on their W-4 form when they fill out the initial paperwork at the start of a job.

Answer by  klarke1 (351)

First a w-4 should be completed and use the federal and state withholding calculators and table online to figure out how much will be witheld.