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Contact Information:

USD Payroll
206 Slagle Hall
414 East Clark St.
Vermillion, SD 57069
phone: 605-677-5671
fax: 605-677-6630
payroll@usd.edu

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Last Modified: 09/03/08

taxable benefits through payroll

Many USD employees receive taxable benefits which are subject to Federal Income Tax (FIT) and Social Security and Medicare (FICA) taxes according to IRS regulations. These benefits include primarily non-overnight meals, personal use or sponsored vehicles, the Governor’s Healthy SD Initiative, and some BOP Wellness benefits including Health Screening Incentive and Well Baby Incentive. In most cases, the monetary distribution of these benefits is processed outside of payroll, but they are still subject to payroll tax withholding.

 The FIT and FICA for the value of these taxable benefits will be calculated and withheld from your pay along with your regular salary and withholding calculations. A separate line has been added to all pay stubs to show both the current and year-to-date value of the taxable benefits you received. FIT and FICA for taxable benefits will be processed on a monthly basis for any transaction in the prior month.

 If you have any questions or concerns about this issue, please contact Human Resources/Payroll by phone at 677-5671 or by email at payroll@usd.edu.