(Calendar) Year End Payroll/Tax Information

Calendar Year End Payroll / Tax Information

Notice of Change to Michigan Income Tax Withholding

Effective October 1, 2012, the Michigan individual income tax withholding rate has been reduced from 4.35% to 4.25% and the personal exemption amount has increased from $3,700 to $3,950. If you would like to adjust your current state withholding, please complete the Michigan W-4 available at www.michigan.gov/documents/taxes/MI-W4_370050_7.pdf  and return it to the Payroll office at 5849 CC. For additional information on these changes, visit www.michigan.gov/withholding.
 

Direct Deposit and Paychecks

Kettering University will be closed December 24, 2012 – January 1, 2013. Checks that have not been picked up from the Student Accounts office by 1:00 p.m. on Friday, December 21, 2012 will be sent to the Kettering mailroom for mailing to home addresses. Make sure we have your current address.

Please note that the full-time faculty and staff pay period ending December 30, 2012 will be paid on December 28, 2012.  We will transfer the funds for employees participating in direct deposit into the employee’s account on December 28, 2012 and mail checks so those not participating in direct deposit receive them via US mail on or about December 28, 2012.
 

Tax Statements

Please note that Tax Statements are mailed by January 31, including W-2s to those who'd not elected to receive them electronically (for additional information on that option see Policies/Resources - Electronic W2). If you have not received your document by February 7th, you may contact the office below to inquire about your individual statement:

 
Kettering University Faculty & Staff Campaign Contributions Receipt

If you make gift payments through payroll deduction, your Kettering Form W-2 (Box 14 Other KUCont) serves as your contribution receipt. The Faculty & Staff Campaign contribution amount is authorized when you submit a pledge card for payroll deduction and remains in effect until you either submit a new pledge card or request to terminate the deduction. Kettering does not provide goods or services in whole or in partial consideration for any contributions made by payroll deduction.
 

2013 Social Security - F.I.C.A.

The 2013 employee contribution will be 6.2%* on wages up to and including $113,700.
 

2013 Medicare

The 2013 employee contribution remains 1.45% on all wages.
 

2013 Withholding Exemptions - W4

This is the time to verify your withholding exemptions for 2013. Should you elect to change your withholding, the following forms are available online (fill-in PDF unless otherwise noted):

These links will open in a new browser window. Simply close that browser window to return to this page.
 

You need Adobe Reader to view, fill in or print these forms.  If you don't have Adobe Reader, you can download it (free!) at www.adobe.com/products/acrobat/readstep.html.
 

 * The Payroll Tax Holiday reducing FICA to our current rate of 4.2%  is due to expire on December 31, 2012; unless extended the rate will increase to 6.2%.