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Work Study__________Taxes |
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Federal & State and FICA TaxesEarnings from both FWS and BUDGET employment are considered taxable income for the IRS. You must submit the necessary documents to the Payroll Department in order to have the appropriate amount of taxes withheld from your paycheck. You may seek advice on how to file your W-4 Form by calling the IRS toll-free number at 1-800-829-1040. FICA TaxTo be exempt from FICA tax (7.65% of gross wages) you must be enrolled at least half-time.
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