South Carolina Tax
For South Carolina residents, you specify the employee's exemptions.
Deltek Modification Date - 12/13/21
Enter the following field information for residents of South Carolina on the Withholding grid on the Payroll tab of the Employees hub:
Field | Description |
---|---|
Status | South Carolina’s tax calculations do not use the Status field. |
Exemptions |
Enter the total number of withholding allowances claimed by the employee on the South Carolina Employee’s Withholding Exemption Certificate, Form 1602. This figure includes:
If the employee did not submit a Form 1602, use the number of exemptions claimed for federal income tax purposes on Form W-4. If the employee did not submit a Form 1602 or a Form W-4, enter 1 in this field. |
Other Exemptions | South Carolina’s tax calculations do not use the Other Exemptions field. |
Automatically Calculated Variables
Vantagepoint automatically computes the following variables.
Standard Deduction
The Standard Deduction is a variable deduction based on the number of exemptions entered in the first Exemptions field and the employee’s gross annual wages.
Number of Exemptions | Standard Deduction |
---|---|
0 | 0 |
1 or more | 10% of the gross wages, up to $4,580 |
Allowance
The Allowance is based on the number of exemptions in the first Exemptions field. It is determined by multiplying the number of exemptions by $2,750.
How Vantagepoint Calculates Tax
To calculate an employee's South Carolina State tax, Vantagepoint does the following:
- Multiplies the employee's gross pay per pay period by the number of pay periods in a year to determine annualized gross wages.
- Subtracts the employee's Standard Deduction, Allowance, and any 401(k) and 125/Cafeteria plan contributions from the employee's annualized gross wages to determine taxable income.
- Calculates the net income tax by applying Tax Calculation Method 1 to the taxable income.
- Divides the net income tax by the number of pay periods in a year to determine the amount to be withheld for the pay period.