Payroll Deductions

Hourly Paid Employees

Salaried Employees

Mandatory deductions include:

Federal and state income taxes (based on an individual’s W-4 filing status; W-4 filing status may be changed at any time by filing a new W-4 form with the Payroll Office);
Social Security taxes; and
Medicare taxes.

Routine questions about tax deductions can be asked of the Payroll Office. Advice on tax withholding strategies, however, should be discussed with a personal accountant or financial planner.

Optional pre-tax deductions are available for:

Group medical, dental and vision insurance (deduction is automatic for participants in these plans);
A reimbursement account for medical and dental expenses not covered by insurance (medical expense reimbursement account or MERA);
Supplemental retirement savings (SRA) (tax deferred); and
A dependent care expense reimbursement account.
Section 457 contributions

In addition, after-tax deductions can be arranged for:

Optional life insurance for administrative staff member or family members;
Contributions to the United Way
Contributions to the Wesleyan Fund; and
Miscellaneous expenses such as bookstore or food service charges.
Roth SRA contributions