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Paycheck Tax Adjustment Code
Date: Jan 10, 2013
SS TAX ADJUSTMENT CODE
YOUR 01/02/13 PAYROLL CHECK WAS PROCESSED AT THE END OF
DECEMBER USING THE SOCIAL SECURITY TAX WITHHOLDING RATE OF
4.2%. IN ACCORDANCE WITH RECENT CONGRESSIONAL ACTION, THE TAX
RATE FOR 2013 HAS BEEN INCREASED TO 6.2%. UNITED PAYROLL
SYSTEMS HAVE BEEN UPDATED AND BEGINNING WITH THE NEXT PAYROLL
DISTRIBUTION, THE APPROPRIATE ADJUSTMENTS TO THE SS TAX
CALCULATION WILL BE IMPLEMENTED. A ONE-TIME CATCH UP
DEDUCTION OF 2% (NOT WITHHELD FROM THE 01/02/13 PAYCHECK) WILL
BE DEDUCTED ALONG WITH THE NORMAL 6.20% ON YOUR 01/16/13
PAYCHECK.
YOUR 01/02/13 PAYROLL CHECK WAS PROCESSED AT THE END OF
DECEMBER USING THE SOCIAL SECURITY TAX WITHHOLDING RATE OF
4.2%. IN ACCORDANCE WITH RECENT CONGRESSIONAL ACTION, THE TAX
RATE FOR 2013 HAS BEEN INCREASED TO 6.2%. UNITED PAYROLL
SYSTEMS HAVE BEEN UPDATED AND BEGINNING WITH THE NEXT PAYROLL
DISTRIBUTION, THE APPROPRIATE ADJUSTMENTS TO THE SS TAX
CALCULATION WILL BE IMPLEMENTED. A ONE-TIME CATCH UP
DEDUCTION OF 2% (NOT WITHHELD FROM THE 01/02/13 PAYCHECK) WILL
BE DEDUCTED ALONG WITH THE NORMAL 6.20% ON YOUR 01/16/13
PAYCHECK.
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