If you are looking to determine how much withholding should be taken out of your paycheck for Mississippi, you can check the Withholding Tax Table for:
Try this online salary paycheck calculator at Paycheckcity.com.
Mississippi has a graduated tax rate and these rates are the same for businesses and individuals. The graduated income tax rate includes:
- 3% on the first $5,000 of taxable income.
- 4% on the next $5,000 of taxable income.
- 5% on all taxable income over $10,000.
How do you figure out the percentage of taxes taken out of paychecks? Visit Smallbusiness.chron.com to learn more.