HR Policies: 6.7.16
Payroll Deductions
Subject: Administering Wages and Salaries
Number: 6.7.16
Issued: 3/1/82
Revised: 6/30/98
Tax Deductions & Exemptions
Federal and State laws require that employers withhold taxes from wages
and salaries. Most staff are subject to Federal Income Tax, New York State
Income tax, and Social Security deductions. Deductions are made by the payroll
office on the basis of information furnished by the staff member on the
W-4 form. Staff have the responsibility to keep the payroll office advised
of changes in tax exemptions, marital status, and home address. Cornell
student staff members who are enrolled full-time are exempt from Social
Security except when they belong to the New York State Employees' Retirement
System.
It may be possible for visiting foreign nationals to claim exemption from the Federal Income Tax under terms of the tax treaty with their country of citizenship. Upon request, the payroll office can provide the necessary forms.
Voluntary Payroll Deductions
Staff may voluntarily elect payroll deductions for a variety of services,
including the staff benefit programs (See Benefit
Policies section), parking fees and parking fines, United Way, Alumni
gifts, and savings bonds.
CFCU Community Credit Union
Information about CFCU Community Credit Union is available online.
Payroll deductions are arranged through CFCU Community Credit Union.
Auto Insurance
The automobile insurance program enables staff to purchase automobile insurance
through payroll deductions without service or interest charges. The University
makes no contribution toward payment of premiums.
For a free, over-the-phone quote, please call (800) 553-4861. You may also contact the local Marsh representative by dialing this 800 number and pressing 4.
If you would like additional information or want to get a free, on-line quote, visit Marsh@WorkSolutions on the web.
Contact the local hr representative or designee or Payroll or Benefit Services for more information.