DISCLAIMER: This 2012 tax table is provided for informational purposes only. It was gathered from the Notice 1036 released on Dec 3, 2011 by http://www.irs.gov/.

The MSI-Payroll system uses "TABLE 7—ANNUAL Payroll Period" as the “Percentage Method Tables for Income Tax Withholding.”

This information can be input to your MSI-Payroll system via the "Federal Tax Rates" screen (pictured below) found off the Maintenance menu.

Please note: the Temporary Payroll Tax Cut Continuation Act of 2011 has extended the reduced (4.2%) employee FICA % an additional two months.

Your system administrator should verify the information below for accuracy. In addition, the first payroll of January 2012 should be carefully reviewed

in order to verify the correct calculation of all taxes. Details on how the MSI-Payroll system calculates Federal Tax can be found here.