Payroll Tax Withholding - Calculation Tables

1. Federal Tax Withholding Information
   
   Bi-Weekly Federal Withholding Table

   To determine federal tax withholding, subtract $130.77 for each exemption (allowance) claimed, from current taxable gross - FED W/H on the FSU earnings statement. Use the remaining amount to locate the appropriate range in the Bi-Weekly Federal Withholding Table and calculate the withholding amount.
   

2. Other Tax Withholding Information
   
   1. Michigan Tax Withholding

   Employees paid bi-weekly--Subtract $130.77 for each exemption claimed, from the taxable gross - fed on the FSU earnings statement. The remainder is subject to withholding at the rate of 3.9% effective July 1, 2004.
   

   2. Social Security (FICA) Withholding

   The Social Security FICA tax is based on the first $97,500 paid at the rate of 6.2% with a maximum amount withheld of $6,045.00.  The Medicare (Hospital Insurance) FICA tax is based on all earnings paid at the rate of 1.45%.

Any further questions, request for clarification or changes to tax withholding rates/amounts should be directed to the Payroll office at (231) 591-2160. 

Contact:  Payroll Office
Email Address: payroll@ferris.edu
Phone Number:  (231) 591-2160

Last modified: 12/10/2007