Standard Adjustment Deduction

There are three fields, for Single, Married or Head of Household. The value in this field is used as a standard deduction for additional adjustments, a component used to determine taxable wages.

Taxable Wages = Gross Wages - A - B - C

A = Fwt * Fed Withholding Adjustment %

B = (Exemptions * Withholding Allowance Amt) - Exemption Amt

C = Adjustment % * the larger of the two: 0, or Gross Wages - (Exemptions * Adj Withholding Allowance Amt) - Std Adj Deduction