January 10, 2002
Dear Client,
The Federal government just announced new withholding rates for the year 2002. Please update your Federal withholding tax table to reflect the new rates and cut-offs as indicated below:
From any CHARTS menu type FEDTAX or [GM, 10, 8, 2, 1] and press ENTER.
(IRS CIR E ANNUAL)
FEDERAL TAX INFORMATION
Single Married
Rate Cutoff Rate Cutoff
level - 1 10.00 2650.00 10.00 6450.00
- 2 15.00 8550.00 15.00 18450.00
- 3 27.00 29650.00 27.00 51550.00
- 4 30.00 64820.00 30.00 109700.00
- 5 35.00 142950.00 35.00 176800.00
- 6 38.60 308750.00 38.60 311900.00
- 7 .00 .00 .00 .00
Annual Exemption 3000.00 3000.00
-- Earned Income Credit --
Level - 1 7370. 20.40 3685.00 20.40
- 2 13520 1503.00 7260.00 752.00
- 3 .00 .00 .00 .00
Min/Max Rates .00 9.59 . 9.59
FICA Employer 7.65 84900.00 Employee 7.65 84900.00
level 2 1.45 999999.00 level 2 1.45 999999.00
Unempl .80 7000.00
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Complete the screen as indicated above and press ENTER.
We would also like to remind you to apply for your IRS PIN number if you have not already done so. Instructions can be found in the year end notes.
If you would like us to direct our company e-mail announcements to anyone else in your organization please send us an e-mail message requesting same. Thank you.
Sincerely yours,
Client Service.
Reliable Health Systems, Inc.,
2610 Nostrand Avenue, Brooklyn, NY 11210
(718) 338 - 2400, Fax (718) 338
- 2741, www.ReliableHealth.com