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Lev
Lev, Tax Advisor
Category: Tax
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Experience:  Taxes, Immigration, Labor Relations
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I have a small business with a few on and off employees. I

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I have a small business with a few on and off employees. I have a payroll calculator set up in excel. I have the tax rates for fica and medicare. I am having some troubles figuring out what the percentages should be for minnesota state and federal with holdings
Submitted: 2 years ago.
Category: Tax
Expert:  Lev replied 2 years ago.

LEV :

Hi and welcome to Just Answer!
Income tax withholding should be according to W4 forms - you need to determine federal income withholding according to withholding tables published in IRS publication 15 - www.irs.gov/pub/irs-pdf/p15.pdf - see page 35.
For Minnessota - you need to collect signed forms W4MN -
And use withholding tables - see page 20 in this publication - http://www.revenue.state.mn.us/Forms_and_Instructions/2012/wh_inst_12.pdf
Let me know if you need any help.

Expert:  Lev replied 2 years ago.
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