Payroll System Changes

New Federal Income Tax Tables

The Department of the Treasury has issued new federal income tax tables for wages paid after December 31, 2008. To view the new tax tables go to:

http://www.wsu.edu/payroll/taxes/howto.htm

New Earned Income Credit (EIC) Tables

New EIC tables have been issued for wages paid after December 31, 2008. A 2009 EIC W-5 Form must be completed to utilize the new rates. The IRS has published the 2009 W-5 Form and it can be downloaded from our website at:

http://www.wsu.edu/payroll/taxes/taxes.htm

New Medical Premium Rates

New Medical premiums for PEBB sponsored medical plans are in effect for January coverage. To view the new rates go to:

http://www.wsu.edu/payroll/deptpay/healthInsTable.htm

Even though this pay cycle is for the period December 16-31, 2008, the medical premiums for January 9th check is for January coverage. Therefore, the new rates are in effect now.

To view your current medical and dental carrier, go to the Employee Benefits section within WEBPBS at http://www.wsu.edu/webpbs.

The new fair market value has been installed for the insurance premiums of same-sex domestic partners medical insurance.

Medical Flexible Savings Accounts

692 employees who took the opportunity during Open Enrollment to sign up for medical flexible savings accounts will see their reductions reflected in this paycheck. Contributions to medical flexible accounts are not subject to federal income taxes, social security or medicare tax.

New OASI Wage Maximum

The Social Security Administration has increased the maximum wage base for 2009 for OASI (social security) from $102,000.00 to $106,800.00. The Payroll System has been modified to reflect this change. For more information about Social Security changes, go to:

Combined Fund Drive

We no longer receive a copy of our employees’ enrollment or pledge sheet. The forms have been replaced with an electronic feed of enrollment data from the Department of Personnel in Olympia. Payroll will no longer have any information about annual pledges or charities employees have selected. 91 transactions were processed for this pay cycle.

Dependent Care

Enrollments for 109 employees have been processed this payroll for new or renewed enrollments in Dependent Care (GTN 010).

Fall Work Study Limits

Fall work study limits and balances will be removed after this payroll calculation so that Spring amounts can be applied.

2008 W-2 Fast Facts

See the link under Hot Topics for everything you need to know about our 2008 W-2 Forms: http://www.wsu.edu/payroll.

Please contact Alice Smethurst at (509) 335-1277 or alice@wsu.edu if there are any questions.