South Carolina Tax
For South Carolina residents, you specify the employee's exemptions.
Deltek Modification Date - 12/15/17
Enter the following field information for residents of South Carolina on the Withholding grid on the Payroll tab of the Employee Info Center:
Automatically Calculated Variables
Vision 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 |
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0 | 0 |
1 or more | 10% of the gross wages, up to $3,150 |
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 $2,440.
How Vision Calculates Tax
To calculate an employee's South Carolina State tax, Vision does the following:
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Multiplies the employee's gross pay per pay period by the number of pay periods in a year to determine annualized gross wages.
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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.
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Calculates the net income tax by applying Tax Calculation Method 1 to the taxable income.
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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.