PUBLIC LAWS-CH. 168-APR. 2, 1948 57 Stat. 128 . 26 U.S. . §1622 (a), (b) (1). 57 Stat. 129. 26 U. S.C . 51622 (c) (1). TITLE V-REDUCTION IN WITHHOLDING OF TAX AT SOURCE ON WAGES SEC. 501. PERCENTAGE METHOD. Section 1622 (a) and section 1622 (b) (1) of the Internal Revenue Code (relating to percentage method of withholding) are hereby amended to read as follows: "(a) REQUInEMENT OF WITHHOLDING.- Every employer making payment of wages shall deduct and withhold upon such wages a tax equal to 15 per centum of the amount by which the wages exceed the number of withholding exemptions claimed multiplied by the amount of one such exemption as shown in subsection (b) (1). "(b) (1) The table referred to in subsection (a) is as follows: "Percentage method withholding table Amount of Pay-roll period one ith- holding exemption 1Weekly -----------------. - - .- - - - -
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$13.00 e'mmtly& ----------------------------------- 00 1S67.00 emionly .. .... ... ... .... ... .... -. ... .... ... ... .... ... .... ... ... 26.00 Bemimonthly -_ --- - - -.- - - - 28. 00 Monthly .... .... .... .... .... .... .... .... .... .... .... .... .... .... .. . .... .... .... .... .... ...
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Quarterly --. .... .... .... .... .... .... .... .... 167. 00 Semiannual -.----------------------- --------------------------------------------------- 333. 00 Aontuhly---------------------------------------------------------------------------------007000 Annual ...
-- ---- ---- --- --- --- --- --- --- --- 667. 00 Daily or miscellaneous (per day of such period)....--- --- -- -. .. .... .... .... .... .-- 1.L80" SEC. 502. WAGE BRACKET WITHHOLDING. The tables contained in section 1622 (c) (1) of the Internal Revenue Code (relating to wage bracket withholding) are hereby amended to read as follows: "If the pay-roll oeriod with resoeet to an emnlovfee is weaCklv- And the wages are- At least 0o-------- $13----. . $14--.....- $15....... $16-. .. .. $17--- .. .. .. $18. $19 - --- $20---- $21---- $22------ $23 ---- $24.. .... - $25--- $26 ------ $27 ------- $28---- $29--- $30------ $31---- $32 ---- .- - $33--- $34---- $35--- $36--- $37-. ... $38--- $39---.. $40-. ..- $41----- . $42--- $43--- $44 ------ 4..... $47----- $48
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But less than $13-- $14 ---. .... $15 -- $16 --. $17-. .. $18---.. .. $19 ... 0 s20--- $21.... $22 ...... $23 --- $24--- $25.- -- $26 ---- $27--- $29--- $30--- $31.- -- $32-. . -- $33.--.. $34. -- - $35 --- $36--- $37----- $38- .. - $39---- $40--... $41-. . $42-.. $43--. . $44--- $46--- $46--- $47..... $48. --- .
And the number of withholding exemptons claimed Is- 1 2 314 5 617 8 The amount of tax to be withheld shall be- IS%of $2.00 2.20 2.30 2.60 2.60 2.80 2.90 3.10 3.20 3.40 3.50 3.70 3.80 4.00 4.10 4.30 4.40 4.60 4.70 4.90 5.00 5.20 5.30 5.50 6.60 5.80 5.90 6.10 6.20 6.30 650 .60 6.80 6.90 7.10 7.20 7.40 $0 .10 .30 .40 .50 .70 .80 1.00 1.10 1.30 1.40 1.60 1.70 1.90 2.00 2.20 2.30 2.50 2.60 2.80 2.90 3.10 3.20 3.40 3.50 3.70 3.80 4.00 4.10 4.30 4.40 4.60 4.70 4.90 5.00 6.20 &.30 &50 $0 0 0 0 0 0 0 0 0 0 0 00 0 10.10 .30 .40 .60 .70 .90 1.00 120 1.30 1.50 1.60 1.80 1.90 2.10 2.20 2.40 2.50 2.70 2.80 3.00 3.10 3.30 &.40 &80 $0 0 0 0 0 0 0 0 o o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 .20 .30 .50 .60 .80 .90 1.10 1.20 1.40 1.50 1.80 $0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 $0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 $0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 $0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 $0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 $0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 130 [62 STAT. --- - -- l - - . - - --- __ ·· .._
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