Oregon Tax
For Oregon residents, you specify the employee's status and exemptions.
Deltek Modification Date - 2/16/18
Enter the following field information for residents of Oregon on the Withholding grid on the Payroll tab of the Employee Info Center:
Supplemental Wages
The tax rate for supplemental wages (bonus runs) is 9%.
Automatically Calculated Variables
Vision automatically computes the following variables.
Standard Deduction
The standard deduction is a table-based deduction applied to all employees. The amount of the deduction depends on the number of regular exemptions claimed in the first Exemptions field and the employee’s filing status.
Status | Maximum |
---|---|
Single with less than three (3) allowances | $2,215 |
Single with three (3) or more allowances | $4,435 |
Married | $4,435 |
Federal Income Tax Deduction
The Federal Income Tax Deduction is equal to the employee's annualized amount of federal tax withheld, up to a maximum of $6,650.
Credit for Dependents
The credit is based on the number of exemptions entered in the first Exemptions field. The amount of the credit is determined by multiplying the number of exemptions by $201.
How Vision Calculates Tax
To calculate an employee's Oregon State tax, Vision 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 federal income tax deduction and any 401(k) and 125/Cafeteria plan contributions from the employee's annualized gross wages to determine taxable income.
- Calculates the computed tax by applying Tax Calculation Method 1 to the taxable income.
- Subtracts a credit (if applicable) from the computed tax to determine the net income tax.
- 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.
- Rounds to the nearest dollar.