MTSA is required by federal, state, and certain local laws to withhold certain deductions from employees’ paycheck.
Payroll Deductions may include:
Federal Income Tax: The amount of federal withholding tax deducted from pay is determined by the amount of each employee’s gross salary and the number of exemptions claimed as per the most recent (W-4).
Social Security (FICA) and Medicare: The cost of Social Security and Medicare Insurance are set by law. The employee’s share is deducted from the pay as prescribed by law and paid by MTSA.
Garnishments: Any deduction for a court-ordered garnishment, bankruptcy, or wage earner plan will be followed according to appropriate state and/or federal law.
Miscellaneous Deductions: Other possible deductions include: spouse and/or dependent health/dental/vision coverage, contributions to the retirement plan, leave without pay, contributions/ gifts to MTSA, supplemental insurance, and other requested deductions. A Miscellaneous Deductions form must be submitted to the business office prior to the current payroll.
Employee W-2 forms will be provided no later than January 31st each year.