|Activity:||Payroll Tax Compliance|
|Policy:||Student Social Security Tax Withholding Exemption, FIN-PAY-230|
Gifts to Employees or Non-Employees, FIN-ACC-590
Moving Expenses, FIN-ACC-310 (under review as of 1/7/2019)
University Automobiles and Automobile Allowances, FIN-ACC-340
Payroll Compliance, FIN-PAY-001
|Forms:||Federal Form W-4 (can be filled out electronically through self-service on One.IU.edu)|
IN State Form WH-4 (can be filled out electronically through self-service on One.IU.edu)
Reciprocal State Form WH-47 (for employees living outside of Indiana, but working in Indiana)
Request for Duplicate Tax Form (Paper form)
Request for Duplicate Tax Form (online)
Request for Corrected Tax Form
Request for Prior Year FICA Refund
|Things To Know:||Payroll tax is the largest tax expense of the University. Income taxes and the employees’ share of FICA (Social Security and Medicare) are withheld from income; the employer’s share of FICA will have been accounted for when budgeting for salaries.|
However, the provision on non-cash fringes (i.e. free athletic tickets, personal use of University vehicles, employees’ gifts, and taxable tuition benefit) not otherwise budgeted will also result in additional FICA expense. Non-cash fringe benefits will be added to employees’ earnings and will be subject to all applicable tax withholding.
Social Security and Medicare tax exemptions:
Students are exempt if they meet the test set out in policy FIN-PAY-230 listed above.
Nonresident aliens on an F-1, J-1, M-1 or Q-1 are exempt if performing services consistent with their visa status.
Federal Tax Withholding Calculation
Contract Pay Calculation
Indiana Local (County) Withholding Rates
Form W-2 Useful Information
Please consult FMS - Paycheck Taxes for more useful tax information.
You may contact University Tax Services, email@example.com for further information.