UNCG Campus Weekly

Campus Weekly is published each Wednesday when classes are in session. In the summer, it is published biweekly.

Update on payroll taxes, new electronic access

The following Payroll Tax Information is effective Jan. 1, 2013:

FICA OASDI. The employee tax rate for social security is increasing from a rate of 4.2% (which was in place during 2011 and 2012) to 6.2%. The employer tax rate for social security remains unchanged at 6.2%. The social security wage base limit is $113,700.

FICA Medicare. The Medicare tax rate is 1.45% each for the employee and employer, unchanged from 2012. There is no wage base limit for Medicare tax.

FICA Additional Medicare Tax. For an employee with wages in excess of $200,000, a new additional tax Medicare tax of 0.9% withholding applies. There is no additional employer share of the additional Medicare tax.

Federal Tax Withholding. New Federal Tax withholding tables have been applied, and will be reflected in employees’ net pay. For all earning levels, the tables have been changed by the IRS, although higher wage earners may notice the largest difference versus the prior year levels. The Federal Income Tax Withholding tables can be reviewed at http://www.irs.gov/pub/irs-pdf/n1036.pdf.

Access to New Payroll Forms through UNCGenie

Form W-2. Electronic W-2s are now available in UNCGenie self-service. Each employee can now view their W-2 for 2012 and for prior years selected back to 2008 (the first year UNCG was on Banner HR). The W-2 can be printed from UNCGenie by the employee, if needed. Instructions to access this new feature, as well as the applicable Notice to Employee for the applicable year previously pre-printed on the back of paper W-2s, can retrieved from the Payroll Forms web page at http://fsv.uncg.edu/payroll/payroll_hrforms.html.

Form W-4. As a new feature, each employee will have the ability to update their Federal W-4 Tax forms for future activity within UNCGenie self-service. Instructions to access this new feature, can retrieved from the Payroll Forms webpage at http://fsv.uncg.edu/payroll/payroll_hrforms.html. (An electronic version of the North Carolina NC-4 Tax form is not available at this time.)

If you have any questions, contact Pat Davis, Payroll Manager, at padavis@uncg.edu or 334-4126.