Federal Taxes: The federal withholding tax tables for 2016 can be found in the IRS Publication 15 at: http://www.irs.gov/pub/irs-pdf/p15.pdf

Social Security Wage Rate: The 2016 Social Security wage base will remain at $118,500.

Social Security Tax Rate: The 2016 tax rate remains at 6.2% and the maximum tax that an employee would pay will be $7,347.

Supplemental Pay Withholding: Withholding on payments less than $1 million in a calendar year remains at 25% for 2016 and withholding for payments in excess of $1 million in a calendar year remain at 39.6%.

Medicare Tax Rate: The Medicare tax rate remains at 1.45% in 2016 for wages under $200,000. Wages in excess of $200,000 are taxed at 2.35%.

PA State Unemployment Insurance Employee Rate: The tax rates remains at 0.07% for 2016.

PA State: The tax rate for 2016 remains at 3.07%.

Philadelphia City: As of July 1, 2015, the Resident Rate is 3.9102% and Non-Resident Rate is 3.4828% and remains the same for the beginning of 2016.

This article is related to W-2 Form for Calendar Year 2015