Source: https://www2.usgs.gov/usgs-manual/im/archive/ofm-96-3.html
Timestamp: 2018-08-15 22:04:30
Document Index: 306767550

Matched Legal Cases: ['§302', '§ 302', '§ 302', '§302', '§302', '§302', '§302']

USGS IM OFM-96-03 Relocation Income Tax Rates
No. OFM-96-03
Reference: 340-6-A-H
The General Services Administration (GSA) has issued an amendment to the Federal Travel Regulations (FTR) which provides Federal, State and Puerto Rico tax rates to be used in calculating the Relocation Income Tax (RIT) allowance payments for calendar year 1996.
Instructions on how to calculate the RIT allowance are contained in the FTR §302-11 and Financial Administration Memorandum No. 88-49, dated June 8, 1988, and Financial Administration Memorandum No. 93-081, dated December 28, 1993.
The following table is to be used to determine the State marginal tax rates for calculation of the RIT allowance as prescribed in § 302-11.8(e)(2). This table is to be used for employees who received covered taxable reimbursements during calendar year 1995.
Marginal tax rates (stated in percents) for the earned income amounts
specified in each column [1][2]
$20,000-$24,999 $25,000-$49,999 $50,000-$74,999 $75,000 and over
4. Arkansas ......................... 4.5 7 7 7
If single status[3].............. 6 7 7 7
26. Missouri ......................... 6 6 6 6
27. Montana .......................... 6 9 10 11
51. Wyoming.......................... 0 0 0 0
[1] Earned income amounts that fall between the income brackets shown in this table (e.g., $24,999.45, $49,999.75 should be rounded to the nearest dollar to determine the marginal tax rate to used in calculating the RIT allowance.
[2] If the earned income amount is less than the lowest income bracket shown in this table, the employing agency shall establish an ap propriate marginal tax rate as provided in § 302-11.8(e)(2)(ii).
[3] This rate applies only to those individuals certifying that they will file under a single status within the States where they will pay income taxes. All other taxpayers, regardless of filing status, will use the other rate shown.
[4] The income tax rate for North Dakota is 14 percent of Federal income tax liability for all employees. Rates shown as a percent of Federal income tax liability must be converted to a percent of income as provided in
§302-11.8(e)(2)(iii).
[5] The income tax rate for Rhode Island is 27.5 percent of Federal income tax liability for all employees. Rates showi as a percent of Federal income tax liability must be converted to a percent of income as provided in
[6] The income tax rate for Vermont is 25 percent of Federal income tax liability for all employees. Rates showon as a percent of Federal income tax liability must be converted to a percent of income as provided in
The following table is to be used to determine the Federal marginal tax rate for Year 1 for computation of the RIT allowance as prescribed in §302-11.8(e)(1). This table is to be used for employees whose Year 1 occurred during calendar year 1995.
The following table is to used to determine the Federal marginal tax rate for Year 2 for computation of the RIT allowance as prescribed in §302-11.8(e)(1). This table is to be used for employees whose Year 1 occured during calendar year 1987, 1988, 1989, 1990, 1991, 1992, 1993, 1994, or 1995.
The following table is to be used to determine the Puerto Rico marginal tax rate for computation of the RIT allowance as prescribed in §302-11.8(e)(4)(i).
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