|
|
|
For the Faculty and Staff of The University of Texas at Arlington |
Friday, December 21, 2012 |
|
|
January paychecks reflect tax changes
UT Arlington employees subject to the federal payroll tax may notice a difference in their Jan. 2, 2013, paychecks compared with previous months.
A temporary payroll tax cut approved for 2012 by Congress will end Dec. 31. Social Security withholding will increase from 4.2 percent to 6.2 percent on the capped wage base. The maximum amount of earnings subject to Social Security taxes will be $113,700 in 2013, up from $110,100 in 2012.
The Medicare tax remains at 1.45 percent but a new add-on of 0.9 percent Medicare tax will apply to anyone who earns $200,000 or more annually.
A decision about federal withholding rates has not been finalized by Congress.
Employees with questions about the payroll tax adjustment may contact Payroll Services at 817-272-5426 or by email at payroll@uta.edu.
Editors: Jim Patterson, Teresa Newton Executive Director for University Publications: Mark Permenter Associate Vice President for Communications and Marketing: David Johnson Vice President for Communications: Jerry Lewis Published by University Communications. Photography, video, design, and online services provided by the Department of Communications and Marketing. |
MavWire is published on Mondays and Thursdays (except for holidays) during the fall and spring semesters and on Thursdays during the summer. To submit items for possible inclusion in MavWire, email mavwire@uta.edu. Items must be received three working days before distribution. Inclusion of events and activities in MavWire does not necessarily constitute an endorsement by the University. Read the MavWire Guidelines. MavWire welcomes any non-employees of UT Arlington who would like to subscribe. |
|
|
|
 |
 |
 |
 |
 |
|
||||
 |
||||