2018 SWT
Follow the instructions in this document to update the Oklahoma State Tax tables in the Connect Payroll application with the Oklahoma State Withholding Tax Rates.
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Use the amounts displayed in the following table to update the Calculation table with the state withholding rates and modifiers.
Oklahoma State Withholding tables:
TABLE 1: OKLAHOMA WITHHOLDING TAX RATES— SINGLE
|
Line No |
Not Over |
Tax Amount |
Tax Rate |
|
1 |
6,350.00 |
0.00 |
0.00% |
|
2 |
7,350.00 |
0.00 |
0.50% |
|
3 |
8,850.00 |
5.00 |
1.00% |
|
4 |
10,100.00 |
20.00 |
2.00% |
|
5 |
11,250.00 |
45.00 |
3.00% |
|
6 |
13,550.00 |
79.50 |
4.00% |
|
7 |
9,999,999.99 |
171.50 |
5.00% |
Do this...
1. Open Connect Payroll > Organization > Calculation Tables.
2. Click Oklahoma Single Withholding Tax Rates.
3. Enter the Not Over amount for the first row.
4. Enter the Tax Amount.
5. Enter the Tax Rate.
6. When you press Enter when the cursor displays in the Tax Rate field.
The next row of information displays.
7. Repeat steps 1 to 6 until the calculation table looks like this...
Oklahoma (OK) Single Withholding Tax Rates—Calculation Table tab
8. Click the Modifiers 1–10 tab.
9. Change the Withholding Allowance to 1,000.00.
It will look like this when you’re done...
Oklahoma (OK) Single Withholding Tax Rates Modifiers
You have updated the single state withholding tax rates and modifiers.
Updated 28Dec2017
TABLE 2: OKLAHOMA STATE WITHHOLDING RATES— MARRIED
|
Line No |
Not Over |
Tax Amount |
Tax Rate |
|
1 |
12,700.00 |
0.00 |
0.00% |
|
2 |
14,700.00 |
0.00 |
0.50% |
|
3 |
17,700.00 |
10.00 |
1.00% |
|
4 |
20,200.00 |
40.00 |
2.00% |
|
5 |
22,500.00 |
90.00 |
3.00% |
|
6 |
24,900.00 |
159.00 |
4.00% |
|
7 |
9,999,999.99 |
255.00 |
5.00% |
Do this...
1. Open Connect Payroll > Organization > Calculation Tables.
2. Click Oklahoma Married Withholding Tax Rates.
3. Enter the Not Over amount for the first row.
4. Enter the Tax Amount.
5. Enter the Tax Rate.
6. When you press Enter when the cursor displays in the Tax Rate field.
The next row of information displays.
7. Repeat steps 1 to 6 until the calculation table looks like this...
Oklahoma (OK) Married State Withholding Rates–Calculation Table tab
8. Click the Modifiers 1–10 tab.
9. Change the Exemption Amount to 1,000.00.
It will look like this when you’re done...
Oklahoma (OK) Married State Withholding Tax Rate Modifier
You have updated the married state withholding tax rates and modifiers.
Updated 28Dec2017
Link the SWT calculation to the calculation formula, calculation table, and pay code type.
This step is not required for this state.
Updated 27Dec2017
Check the pay code that calculates the state withholding tax to make sure it is set up correctly and it will round amounts to the nearest dollar.
Do this...
1. Open Connect Payroll > Organization > Pay Codes.
2. Use the field titled Pay Code to enter the State Withholding Pay Code.
Usually, the pay code for state withholding tax is pay code 77-00.
3. Click to select the Employee tab.
4. Click to select the Employee subtab.
5. Click to select the checkbox titled Round Amounts to the Nearest Dollar.
The Employee subtab should look like this...
Round Amounts to Nearest Dollar in Pay Codes
6. Click Save (CTRL+S).
The state withholding pay code is set up correctly. You’re done!
Updated 24Jan2018