Iowa Admin. Code r. 876-8.8 - Payroll tax tables
Tables for determining payroll taxes to be used for the period July 1, 2022, through June 30, 2023, are the tables in effect on July 1, 2022, for computation of:
1. Federal income
tax withholding according to the percentage method of withholding for weekly
payroll period. (Federal Income Tax Withholding Methods, Publication 15-T
[2021].)
2. Iowa individual income
tax withholding formula. (Iowa Department of Revenue [Effective January 1,
2022].)
3. Social Security and
Medicare withholding (FICA) at the rate of 7.65 percent. (Internal Revenue
Service, Circular E, Employer's Tax Guide, Publication 15 [2021].)
This rule is intended to implement Iowa Code section 85.61(6).
Notes
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