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AK Form Tax W-4 2022: What You Should Know
This is known as the “Kentucky rate”. Taxable income is: Wage income 0.00 – 5,500.00 (6% taxable rate) 10.00% of non-wage wage income (gross wages). 10.00% of non-wage income above the threshold. (10.00% taxable rates, 6% minimum wage tax rate and 2.08% allowance for the non-wage wage tax). A wage earner's taxable income includes all the wages paid, from the day of first employment, for more than 7.10 per hour for regular state employees and 7.50 per hour for locally employed individuals. A wage earner must be paid the minimum wage in effect and the maximum amount of the non-wage wage tax or the non-wage tax above the maximum allowed by Kentucky law. Wage earners may elect to claim an additional amount of non-wage wage tax in excess of what the minimums allow. The tax due must be paid before the employee's wages are received. This form is a list of the tax rate at which all wage earners are taxed. NOTE : If you are required to provide proof of income, you will not have to supply the forms, instructions, or publications for this form. K-4 2016. K-4. Commonwealth of Kentucky. Department of Revenue. FORM All Kentucky wage earners are tax under state wage and tax laws in the same manner as private sector employees. State rate: 5.60% on all wages paid up to 4,150.00 or a flat rate of 3.15% on all wages paid over 4,150.00. The amount of any tax will be calculated as a percentage of the gross wages paid. Exempt Wage earners and employees subject to a maximum non-wage tax (10.00% below the minimum wage, above which tax is at an added 6.00% and above an additional 2.08% allowed by the tax structure) are not required to complete and submit the K-4. A minimum wage earner who has gross wages exceeding 4,150.00 is not required to fill out either form. Taxable income for all wage earners is the amount of non-wage wages and tips received (including any non-wage taxes). There are limitations to how much income is taxed and there are additional conditions which must be met before an employee can claim an exception to the flat rate rule.
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