Utah Tax
For Utah residents, you specify the employee's status and exemptions.
Deltek Modification Date - 5/18/18
Enter the following field information for residents of Utah on the Withholding grid on the Payroll tab of the Employees hub:
Field | Description |
---|---|
Status |
Enter the marital status claimed by the employee for federal income tax purposes on Form W-4:
|
Exemptions |
Enter the total number of allowances claimed by the employee for federal income tax purposes on Form W-4. This figure includes:
|
Other Exemptions | Utah’s tax calculations do not use the Other Exemptions field. |
Automatically Calculated Variables
Vantagepoint automatically computes the Allowance, which is used in determining the net income tax.
How Vantagepoint Calculates Tax
To calculate an employee's Utah 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 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.
Parent Topic: State and Local Tax Fact Sheets