California Laws

WK State Pension Distribution Withholding and Reporting

Question:

What method must the employer use to calculate withholding rate for defined contribution plans?

Answer:
  • Progressive personal income rate table
  • At the discretion of employee
This answer is derived from 2 section of law
Citation:
  • citation 1: see full citation
    (c) Where Section 3405 of the Internal Revenue Code provides that tables or other computational procedures shall be prescribed by the Secretary of the Treasury, for the purposes of this division, any of the following amounts may be withheld, upon election of the payer:(1) An amount determined by the method prescribed under Section 13020.(2) A designated dollar amount as requested by the payee.(3) Ten percent of the amount of federal withholding computed pursuant to Section 3405 of the Internal Revenue Code. see full law
  • citation 2: see full citation
    Full Text see full law