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Form 1042-T for Akron Ohio: What You Should Know
Taxable income for Ohio's cities and towns, subject to federal income tax withholding, will be calculated as follows. City Annual Income Tax Rate as of January 1, 2016, to State of Ohio. City of Akron 0.00 0% 16,839.40 State of Ohio 16,839.40 + 3.5% 2.20% Total taxable income = 14,839.40 12,976.80 Federal income withholding = 4.85% State income withholding = 3,904.70 City Annual Taxes Due (State of Ohio) 12,976.80 13,977.40 13,977.40 12,976.80 City of Akron State of Ohio taxes due at 10.00% (State of Ohio) 13,977.40 13,977.40 13,977.40 12,976.80 City of Cuyahoga 0.00 0% 14,095.30 State of Ohio 14,095.30 + 2.0% 1.80% Total taxable income = 13,865.70 14,066.80 Federal income withholding = 4.85% State income withholding = 3,960.40 City Annual Taxes Due (State of Ohio) 14,066.80 14,066.80 14,066.80 13,865.70 City of Dayton 2,800.00 2.70% 13,841.00 State of Ohio 13,841.00 Total taxable income = 13,805.00 13,815.40 Federal income withholding = 4.85% State income withholding = 4,130.70 City Annual Taxes Due (State of Ohio) 13,815.40 13,815.40 13,815.40 13,805.40 F. E. M. Y 7,815.40 7,815.40 7,815.40 13,815.40 City Annual Taxes Due (State of Ohio) 7,815.40 7,815.40 7,815.40 13,815.40 City of Euclid 3,904.70 8.04% 13,735.
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