Income Tax Formulas from the Publications menu to launch the tax map. Select the Publications tab and select U.S. To view the updated tax formula, go to the HR and Payroll Clients page from the MyNFC drop-down menu on the National Finance Center (NFC) Home page. ![]() Divide the annual Kentucky city income tax withholding calculated in step 2 by the number of pay dates in the tax year to obtain the biweekly Kentucky city income tax withholding.Note: City tax is mandatory unless otherwise indicated. To determine the annual Kentucky city income tax withholding, multiply the gross annual wages by the appropriate city income tax percentage in the table below.Ĭity Tax Status (Duty Station = DS Residence = R)ġ Maximum withholding wage base of $147,000 (maximum annual withholding of $3,601.50).Ģ Maximum withholding wage base of $147,000 (maximum annual withholding of $2,940.00).Multiply the gross biweekly wages by the number of pay dates in the tax year to obtain the annual wages.Withholding Formula (Effective Pay Period 26, 2021) No action on the part of the employee or the personnel office is necessary. The employee tax rate for Florence remains at 2.00 percent.The employee tax rate for Covington remains at 2.45 percent.The following city tax rates for Covington and Florence, Kentucky, remain the same: ![]()
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