Payroll PAYROLL

When do I start receiving a paycheck? It’s complicated! Partnership Development (PD). Partial Salary (PS). PD release to Full Pay (FP).

When will I be paid? Ka-Ching! Home Office & Admin Assistants: The 15th or the last day of the month. Field Staff & Salaried Staff: The 15th of the month for the whole month.

How will I be paid? Payroll Website: Paylocity https://login.paylocity.com You will receive your login information from People Services at a later time.

Paylocity: One Stop, 24-hour Shop Your Name Here!

Payroll Details For Individuals: For Married Couples: For Ministers: For Ministry Representatives:

Payroll Calculations For January 15th Payroll November Fund Balance + December Monthly Income Dec. Staff Service Allocation +/- Dec. Company Paid Expense Transfers - Dec. Housing & Living Allowance Dec. National Conference Escrow Transfer Dec. Reimbursements of Ministry Expenses End of Dec. Fund Balance for Jan. Payroll

Payroll Calculations Once your end of the prior month’s fund balance is calculated, your gross pay will be the lesser of…………

Payroll Calculations What is Short pay?

Payroll Short Pay Example Payroll Calculations

Payroll Calculations What is Back pay?

Payroll Back Pay Example History to date Payroll Calculations

Payroll Partial Salary Examples Payroll Calculation Payroll Calculation (Short Pay)

Payroll Partial Salary Example History to date Payroll Calculations

PAYROLL TAXES Note: the following is general tax information. We do not have the expertise or your personal information to provide tax advice or prepare your taxes.

PAYROLL TAXES ISI withholds Federal Income Taxes on the taxable portion of your income. ISI withholds State Income Taxes on the taxable portion of your income.

PAYROLL TAXES For non-ministers, FICA (Federal Insurance Contribution Act) taxes are withheld from the employee’s payroll. 7.65%

PAYROLL TAXES FICA OASDI (old age survivor disability insurance) Social Security Current Rate: 6.2 % FICA Medicare Current Rate: 1.45 % Kaboom!

PAYROLL TAXES For ministers, SECA (Self Employment Contribution Act) taxes apply to BOTH Housing & Living Allowance. 15.39%

PAYROLL TAXES SECA OASDI (old age survivor disability insurance) Social Security Current Rate: 12.4 % Includes employee 6.2% and employer 6.2% portion. Kaboom!

PAYROLL TAXES SECA Medicare Current Rate: 2.9 % Includes employee 1.45% and employer 1.45% portion. Kaboom!

PAYROLL TAXES Special Note: Ministerial services pay is subject to self-employment tax unless: The minister is a member of a religious order, whose members have taken a vow of poverty. The minister has requested and the IRS has approved an exemption from self-employment tax.

Voluntary Pre-Tax Payroll Deductions Term Life Insurance Vision Insurance Dental Insurance

Pre-Tax Payroll Deductions Flexible Spending Account Health Savings Account

Pre-Tax Payroll Deductions Retirement Savings Plan 403(B) by Guidestone Financial

Your Reports

Income & Spending Status Report (ISSR)

Field Income Report

Budget Worksheet

Budget determines Payroll!

Questions?