INTERPRETING THE CERTIFIED PAY STUB
Below is a sample pay stub for a certified employee who: Teaches full time Receives an extra duty amount of $2,160 Participates in health insurance (including dental, vision, and life), has a dues deduction for association membership and participates in unreimbursed medical
Gross Salary Calculation for Pay Period 06091 (30455.72/12) + (2160/12) Sts/Exem S-1 Gross Fwh Swh Current 2,722.99 215.46 79.00 Contract YTD: 2,722.99 215.46 79.00 CalendarYTD: 2,722.99 215.46 79.00
Fica/Med 193.50 193.50 193.50
RetDed 0.00
VolDed 232.06
RetFringe 199.79 199.79
Tax-Wages 2,529.43 2,529.43
Net 2,002.97
Voluntary Deductions: ***Note: Your Flex Benefit was used to offset (reduce) Deductions*** Flex Benefit Amount: 364.24 CID OSEEGIB 407.80 041 MEA- CERTIFIED DUES 35.00 042 MEA-CERTIFIED LOCAL DUES 3.50 FBE AMERICAN FIDELITY-URM 150.00 District Paid Fringes: T01 TRS T01 TRS HOW TO ARRIVE AT THE ‘NET’ AMOUNT T01 TRS
191.25 13.55
AF1 sof
DIST PD LIFE-AMER FID 15,000 SALARY REIMBURSEMENT
2.85 -5.01
The amount of the check or direct deposit is the first entry under ‘net’, which is arrived at by taking Gross (gross salary), subtracting Fwh and Swh (federal and state income tax withholding), subtracting Fica/Med (Social Security and Medicare payroll taxes), and subtracting VolDed (voluntary deductions shown on the stub), and adding sof SALARY REIMBURSEMENT. FROM THE SAMPLE ABOVE: 2,717.98 GROSS -- 215.46 Fwh -79.00 Swh -- 193.50 Fica/Med -- 232.06 VolDed ++ 5.01 sof 2,002.97 NET
HOW TO GET Gross Salary The Gross item is calculated by taking the amount for a certain HOW HEALTH INSURANCE PARTICIPANTS 13.55 sof SALARY REIMBURSEMENT -8.62 step on the salary schedule and dividing that by 12. Then any CAN FIND THEIR ‘HIDDEN’ STATE FLEX extra duty pay is added and divided by 12. Other adjustments to BENEFIT:
For employees taking health insurance, the state flex benefit adjusts the VolDed amount. Adding up all of the voluntary deductions from the example, the total is $596.30 and subtracting the flex amount (364.24) resulting in VolDed of $232.06. Gross that may not appear in the stub calculation summary are that teachers not taking district insurance will have their state flexible benefit taken as salary and thus added to Gross. FROM THE SAMPLE ABOVE: 30,455.72/12 = 2,537.98 2160.00/12 = ++180.00 sofSal Reim = ++ 5.01 2,722.99
HOW TO GET Tax-Wages
Tax-Wages for income tax purposes is the gross salary, minus non-taxable items such as annuity contributions and Section 125 deductions, with taxable amounts not in gross salary added back in, such as the state retirement offset and state flexible benefit. FROM THE SAMPLE ABOVE: 2,717.98 GROSS -- 407.80 OSEEGIB health premium -- 150.00 URM ++364.24 Flex ++ 5.01 sof 2,529.43 Tax-Wages
DISTRICT PAID FRINGES:
This employee has 191.25 paid to TRS which is based on 2,537.98 (30455.72/12) plus the premium for the district paid life insurance (2.85) x .075269=191.25 PLUS 13.55 paid to TRS which is based on 180.00 (2,160/12) x .075269.
VOLUNTARY DEDUCTIONS:
From the sample above, this employee is a member of the certified employees’ association and has dues of 35.00 and local dues of 3.50; health insurance premium of 407.80; and contributes 150.00 to unreimbursed medical for a total of $596.30.
sof SALARY REIMBURSEMENT
sof or Salary Reimbursement or Teachers’ Retirement offset is a specified amount provided by the state toward each certified employee’s retirement contribution. If a school pays the employee’s contribution in addition to other compensation, the school must add that amount to the employee’s pay.