This section gives you the pay period in which you are receiving payment. The check date that is listed in this section is the date of the payday. This is the bank business date your money will be deposited to your account if you are receiving a direct deposit. Banks deposit at different times based on their procedures. However, the date listed here is the date the money is made available to your banking institution.
This section contains the information about you - your name and current address on file.
Additionally, this section contains information about your current job here at James Madison University. You will find your PeopleSoft employee ID number, the department who's budget is paying your wages, your job title, pay rate, and the pay group in which you are paid. There are four pay groups of JMU employees:
This section details your current tax filing status for both federal taxes and state taxes. Included is the marital status you claimed on your W-4 or VA-4 as well as the number of allowances you have claimed.
This section is a summary section of all the details listed below it. It includes the total gross wages you earned, the total taxable gross wages you earned, the total taxes withheld, the total deductions taken and your net pay.
The Federal Taxable Gross is calculated by taking your total gross wages less any before tax deductions and adding the taxable imputed life (see employer paid benefits).
This section gives you the description of what you are being paid for and what the amount is that you are receiving in GROSS pay. There are two columns in this section - one for current pay and one for year to date. If you are being paid hourly, the amount of hours in which you are receiving pay for is also listed in this section.
This section gives you a complete break-down of what taxes were withheld from your gross pay. You can see the total amount by current pay period or year to date.
Explanation of Acronyms:
This section is an itemized listing of all deductions taken from your gross pay on a BEFORE TAX basis. When a deduction is taken on a BEFORE TAX basis, the amount of the deduction is subtracted directly from your gross pay before taxes are calculated, thus reducing the amount of your tax liability. The amounts of these deductions are listed for the current pay period as well as year to date.
Below is a table of potential before-tax deductions and what taxes are affected.
|Deduction Code||Description||Deducted before FEDERAL and STATE TAXES||Deducted before SOCIAL SECURITY TAXES|
|Health NTx||Health Insurance Premium||Yes||Yes|
|Required employee paid retirement contribution, effective for any full-time employee hired after 7/1/10||Yes||Yes|
|DEPCAR||Dependent Care Deduction for Flexible Spending||Yes||Yes|
|MEDREM||Medical Reimbursement Deduction for Flexible Spending||Yes||Yes|
|VehRegFee||Vehicle Registration Fee||Yes||Yes|
|REBBNTX||Retirement Buy Back - NonTax||Yes||No|
|DFC||Deferred Compensation (i.e. 457 Plan)||Yes||No|
|Tax Deferred Annuity||Tax Deferred Annuity Plan (403-B); contact HR for available providers||Yes||No|
This section is an itemized listing of all deductions taken from your gross pay on an AFTER TAX basis. When a deduction is taken on a AFTER TAX basis, the amount of the deduction is subtracted from your gross pay after taxes are calculated. The amounts of these deductions are listed for the current pay period as well as year to date.
The following lists the possible after-tax deduction codes and their descriptions:
|A&FSH||Administration & Finance Scholarship|
|BONDS||US Savings Bonds|
|CVC||Combined Virginia Campaign Deduction (United Way)|
|DUKE||Duke Club Contribution|
|FOUND||JMU Foundation Contribution|
|IRAMX, IRALN, IRAMET, IRAVAL, IRAMML||Roth IRA Deduction...Ameriprise, Lincoln, Met Life, Valic, and Mass Mutual.|
|JMU Flex||JMU Flex Account|
|LOAN||JMU Computer Loan Program|
|LTC (Genworth)||Long Term Care|
|LTD (UNUM)||Long Term Disability|
|MEALS||JMU Meal Plans|
|MSPTKT||Masterpiece Theatre Tickets|
|RETBB||Retirement Buy Back - Taxable|
|SALADV||Salary Advance Repayment|
|TRAVEL||Travel Advance Repayment|
|VEHRTX||Vehicle Registration Fee - Taxable|
|VGEA)||Virginia Government Employee Association Contribution|
|VPEP||Virginia Prepaid Education Program|
This section is an itemized listing of the costs of all benefits that your employer, James Madison University, pays for you as an classified employee. These costs, with the exception of imputed life, have no effect on your net pay. They are provided here for informational use only so that you can see the dollar amount of the employer provided benefits you receive if you are an eligible employee. If you are not eligible for benefits from JMU, this section will be blank.
The following is a listing of employer provided benefits acronyms and their descriptions:
|Employer Provided Benefits Code||Descriptions|
|Health NTx||Portion of Health Insurance Premiums paid by the University for the Health Insurance Plan selected by the employee|
|GrpTrmLife||Group Term Life Premium paid by the University on behalf of the employee|
GRORPRET (hired pr. 7/1/10)
|Optional Retirement Plan Contribution paid by the University for qualified faculty who so choose an optional retirement plan.|
|RHC||Retiree's Health Care Premium paid by the University on behalf of the employee|
VRSGRER (hired pr. 7/1/10)
VRSGREE (hired pr. 7/1/10)
|Virginia Retirement System Contribution paid by the University on behalf of the employee for all classified staff, as well as faculty members who choose VRS for their retirement plan.|
|ImpLife||Imputed Life; Amount of Taxable Benefit for Group Life Insurance Coverage over $50,000.00 provided by the University. This amount is added to your Federal Taxable Gross per pay period, as it is a taxable benefit to the employee per IRS Tax Regulations.|
|VSDP||Contributions made to the Virginia Sickness and Disability Program on behalf of all JMU employees who are a participant of the VRS Retirement System.|
|Fed MED/ER||Employer's share of the medicare portion for social security, this matches the employees share of the same type of tax (.0145 of gross wages)|
|Fed OASDI/ER||Employer's share of the old age portion for social security, this matches the employee's share of the same type of tax (.062 of gross wages up to $113,700 annually.|
This section details the account numbers and account types of your direct deposit. It list the amount of money deposited to each account.