The University Record, January 28, 1997
W-2 forms mailed last week to University employees
Form W-2 Wage and Tax Statements for 1996 were mailed last week to University regular and part-time employees who received earnings in 1996. The format of the 1996 Form W-2 is the same as last year.
Federal and State taxable wages listed will exclude any tax deferred retirement contributions. However, such contributions were subject to Social Security and Medicare tax and are therefore included in Social Security and Medicare wages. Separate boxes on the W-2 form will indicate whether the staff member was enrolled in a retirement plan and the amount of retirement contributions that were “Elective” tax deferred contributions. The total tax deferred retirement contributions are indicated in a separate footnote on the form.
Also excluded from Federal/State and Social Security wages will be any pre-tax Health Insurance and Group Life Insurance premiums deducted in 1996, as well as Dependent Care/Medical Reimbursement account deductions. Dependent Care deductions will be summarized in a separate box on the Form W-2.
There also is a footnote showing the total of Flint/Dearborn/Ann Arbor United Way Payroll deductions for 1996.
Staff members who had City Income Tax withheld in 1996 also will receive a Form CW-2 for the appropriate city in a separate mailing. Staff members receiving royalty payments during 1996 will receive a separate Form 1099-Miscellaneous Income for those payments.
Errors in Social Security numbers should be reported to the Payroll Office. Questions regarding information in W-2 forms should be directed to the Payroll Office at G395 Wolverine Tower, or call 764-8267. Individuals who do not receive their W-2 forms by Jan. 31 should call 764-8250.
