West Virginia Tax
For West Virginia residents, you specify the employee's status and exemptions.
Deltek Modification Date - 4/10/09
Enter the following field information for residents of West Virginia on the Withholding grid on the Payroll tab of the Employee Info Center:
Automatically Calculated Variables
Vision automatically computes the Allowance, which is used in determining the net income tax.
Allowance
The Allowance is based on the number of exemptions entered in the first Exemptions field. It is determined by multiplying the number of exemptions by $2,000.
How Vision Calculates Tax
To calculate an employee's West Virginia 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 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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Determines 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.
West Virginia State tax withholdings are calculated to the nearest dollar, as of changes made in 2007. The American Recovery and Reinvestment Act of 2009 federal tax changes are included in this change.