|
Employer Costs: In addition to 50% of the salary expense, your agency will be responsible for additional payroll related employer costs which will vary from less than 1% of gross pay to approximately 9% of gross pay. The amount charged is based upon full-time vs. part-time enrollment status of the student employee. Normally, students with work-study awards are required to be enrolled full-time, which means lower costs for your agency. However, when students are not enrolled full-time, they are subject to both Social Security and Medicare taxes and the employer costs increase. The payroll related employer costs are as follows:
* Depending upon work location, a mass transit tax may be assessed. However, if your agency is funded by federal grant funding, no mass transit tax will be charged. Note: Agencies that are federal grant funded are issued a contract number that begins with the number "2." Social Security and Medicare Exemption: Students that are enrolled half time or more are exempt from Social Security and Medicare tax. Undergraduates must be enrolled in 6 credit hours and graduates must be enrolled in 5 credit hours to be exempt. |