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All employers paying wages subject to withholding are required to withhold state income tax from wages earned by resident employees within the state and from wages earned by nonresident employees in the state.
The withholding rate is $9.35 plus 4.75% of the net amount of the wage payment that is over $1,038.00.
In the case of a simple non-grantor trust, the beneficiaries are responsible for paying the income taxes on the income generated by trust assets, while the trust will pay the taxes on capital gains.
Withholding ? Withholding cannot be distributed to the beneficiaries. It must be refunded to the trust or estate.
Payment should be sent with the correct payment coupon every month to en- sure accurate posting to the withholding account. Monthly payments and quarterly returns can be easily filed electronically before or on the due date by using OkTAP located at oktap.tax.ok.gov.