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For proper Arkansas tax withholding, the Annual Standard Deduction amount must be entered in the next to last field in the employee's record. The Annual Tax Credit amount must be entered in the last field in each employee's record in TKT Payroll.
The Annual Standard Deduction amount, which can be found for Arkansas at the website shown on the TKT Payroll Arkansas tax table is as follows:
The Annual Standard Deduction amount is $2000.
The Annual Tax Credit amount is $20.
Access the Arkansas Tax Table by clicking "Utilities" on the TKT Payroll Main Menu bar, then highlighting "Withholding Rates" and clicking "State Annual Rates". Next, click the down arrow to select the state and click the "Go" button.
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