Policy No. 1.2012
Subject: Payroll Deductions
Issued By: Department of Human Resources and Payroll
POLICY: Florida Memorial University will adhere to all federal and state mandated payroll requirements.
The University is required, by federal law, to withhold federal income taxes from an employee’s paycheck and the employee is required to complete a Form W-4. If the employee refuses to complete the form, the University will withhold taxes as if the employee was single with zero allowances.
The University is required, by federal law, to withhold FICA and Social Security taxes from an employee’s paycheck in accordance with the current deduction rate.
The University is required, by federal law, to compensate no less than the minimum wage to all non-exempt personnel.
The University encourages all employees to use direct deposit. The Payroll Office can provide the requirements necessary to initiate direct deposit.
The University is required, by federal and state law, to garnish an employee’s pay, up to the maximum permitted by Florida state law, upon receipt of a court order or IRS Levy. Upon termination of employment, any amounts owed the University, by an employee, will be deducted from the employee’ s final paycheck.
The University does not permit employees to receive advances on their pay.
Employees may elect to have payroll deductions distributed to a bank, credit union, or other financial institution. In addition, employees may elect to have payroll deductions for the University’s 403(b) or 457 Retirement Plans. Other payroll deductions that may be requested are: Group Insurance Plans, Charitable Contributions, and other deductions as approved by the University.