Payroll

 

2013 PAYROLL BULLETIN

Check Pay Stubs
Off-Cycle Request Form
Payroll Calendar
Holiday Schedule

 

2013 TAX RATE SUMMARY

Tax Deduction	Description	Tax Rate
Fed Withholding	Federal Income Tax	Based on W-4 election
Fed OASDI/EE	Social Security	6.2% on first $113,700 wages earned
Fed MED/EE	Medicare	1.45%
Add'l Medicare	Additional Medicare Tax	.9% on wages earned in excess of $200,000

 

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Tax Treaty Information
A nonresident alien employed by The University of Mississippi may have part or all of his wages exempt from federal withholding tax based on the tax treaty between the employee's home country and the United States. We use IRS publication 901 for interpretation of US tax treaties (you can download it from the IRS website: http://www.irs.gov/).

To be considered for exemption due to a U.S. tax treaty employees must complete and submit the forms below each calendar year:  (Please note the exemption will only be on earnings paid after the exemption is granted.  There is a ten working day window for the IRS to review the request once it is received from the University.)

• IRS Form 8233 AND
• University of Mississippi United States Income Tax Treaty Exemption Affidavit

After these forms are submitted, a determination of eligibility will be made. If you are not eligible to claim such an exemption, you will be notified by Payroll, and tax withholding will begin immediately.

For more information please contact the Payroll Staff at 662-915-7431.