Tax Withholding



Federal Tax: The IRS released revised Federal withholding tables for 2017. Please refer to the site provided for further information. (http://www.irs.gov/pub/irs-pdf/n1036.pdf)

Social Security Wage Base: The 2017 social security wage base will be $127,200.00.

Social Security Tax Rate: The tax rate is 6.2% on wages up to the taxable wage limit of $127,200.00. The maximum Social Security tax that an employee would pay will be $7,886.40.

Medicare Tax Rate: Increases from 1.45% to 2.35% on wages earned over $200,000.00. The employer is required to withhold an additional Medicare tax at the point in the pay period when an employee’s annual wages exceed $200,000.00.


W-4 Forms

W-4 Form

Each employee is required to complete a W-4 form when they are hired at FSW. The W-4 form remains in effect unless you submit a new form to the payroll office or update your W-4 form electronically on the portal.


We ask that every employee take a moment each year to review your current exemptions to determine if they are still accurate. To review your current W-4 exemptions; log into the portal click "Employee Services", click "Pay, Benefits, Tax and Time Off", click "Tax Forms", click "W-4 Tax Exemptions/Allowances".


To access the electronic W-4 feature, you must log into the portal. Once logged in; click "Employee Services", click "Pay, Benefits, Tax and Time Off", click "Tax Forms", click "W-4 Tax Exemptions/Allowances", click "Update". Once you have updated your record, click "Certify Changes". A new window will appear asking you to enter your PIN. Your PIN is the last six (6) digits of your social security number. This PIN acts as your electronic signature on the W-4 form.


Claiming Exemption from Federal Withholding?

If you have claimed an exemption from income tax withholding on the W-4 form, the IRS requires employees to renew that status at the beginning of each year by completing a new W-4.


Need Assistance completing the W-4 form?

The IRS provides a Withholding Calculator to help ensure that you pay the correct amount of Federal Income Tax. The calculator will help to make sure that you do not have too much or too little income tax withheld from your pay. Click the link to the IRS website http://www.irs.gov/Individuals/IRS-Withholding-Calculator