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POLICY 05:08:00

TAXES AND DEDUCTIONS

Purpose
The purpose of this policy is to establish and identify tax obligations and other deductions that may be withheld from employee payroll payments.

Policy

The following taxes and deductions may apply to monthly payroll checks:

  1. Withholding Tax – In accordance with declared Internal Revenue Service guidelines based upon employee’s earnings and the number of exemptions in the Internal Revenue Service W-4 statement, federal income tax is withheld. This tax is shown on your check stub under Deductions as Fed Tax.
  2. Social Security Tax – Pellissippi State matches the tax paid by the employee. This tax is shown on the employee’s check stub under Deductions as FICA SS (6.2%) and FICA-Med (1.45%). In accordance with Social Security Administration Guidelines, Social Security and Medicare Taxes will be withheld from the employee’s check.
  3. Deductions – A list of other voluntary deductions is available from the Human Resources office and the Payroll office.

Approved: Executive Council, March 4, 1991
Editorial Changes, May 24, 1993
Approved: President Allen G. Edwards, February 4, 2002
Approved: President’s Staff, March 26, 2007
Approved: President Allen G. Edwards, March 26, 2007
Reviewed/Recommended, no changes, President’s Council, November 25, 2013
Approved: President L. Anthony Wise, Jr., November 25, 2013
Reviewed/Recommended, no changes, President’s Council, March 4, 2019
Approved: President L. Anthony Wise, Jr., March 4, 2019
Review/Recommended: College Council, January 27, 2025
Approved: President L. Anthony Wise, Jr., January 27, 2025

Pellissippi State Community College does not discriminate on the basis of race, color, religion, creed, ethnicity or national origin, sex, sexual orientation, gender identity/expression, pregnancy, disability, age (40+), status as a protected veteran, genetic information, or any other class protected by Federal or State laws and regulations and by Tennessee Board of Regents policies with respect to all employment and education programs and activities. View the nondiscrimination policy. For questions or concerns, please contact George Underwood.