Payroll Facts

Agency Code (FSU) - 360226

Biweekly Rate (Regular Payroll Non-Faculty) = Annual Salary/365 (days in a year) x 14 (days in a pay period)

Biweekly Rate(Regular Payroll Non-Faculty) Leap Year = Annual Salary/366 (days in a year) x 14 (days in a pay period)

Biweekly Rate (Regular Faculty) = Annual Salary/26 or 21

Disencumber - subtract funds from a contract

Encumber - add funds to a contract

FICA exempt student status - attempting 6 or more credits in Spring and Fall
FICA exempt student status - attempting 3 or more credits in Intersession and Summer

FICA Rate - 7.65%

Maximum social security earnings for 2008 - $102,000

Last pay of calendar year 2007 - Regular Payroll - Pay Date 12/26/2007

No Health or Group Life Deduction - Pay Dates Dates 08/08/07& 02/06/08

Final Deduction Teachers Retirement - Pay Date 05/28/08

First Pay for Academic Year 2007/2008 - Pay Date 09/05/07

Last pay of calendar year 2007 - Contractual Payroll - Pay Date 12/19/2007

Minimum Wage - $6.15

Student Information - If student has been employed by FSU in previous semesters, the w-4, I-9, and Direct Deposit forms do not need to be filled out again if all of the information is current.

Unemployment Rate - 0.2%