Can someone share how taxes are calculated for Montana royalties. google suggests state income tax withholding; but our check only has one tax line. the tax seems too high; but even combining severance and state taxes - I can’t get the number to match. in the attachment, I show on the left the calculation using the NRI. the net is calculated automatically. when comparing the paystub (on the right) to the calculation (on the left); you can see the royalty matches, but the tax does not.
I’d appreciate some local MT folks commenting on this to help me understand. thank you.
