Payroll and Employee Benifits

Taxable Wages

Various sections of the Internal Revenue Code determine what are taxable wages and plans which can be excluded from taxable wages.

For Ball State University, the following may be deducted from gross earnings to determine taxable wages and tax withholdings.

Federal Taxable Wages exclude:
Premium Conversion (Insurances)
Flexible Spending Accounts
Pre-Tax Parking
Tax Deferred Annuities

SS/Medicare Taxable Wages exclude:
Premium Conversion (Insurances)
Flexible Spending Accounts
Pre-Tax Parking

You can also visit the IRS website for more information.

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