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FICA taxes are federal Medicare and Social Security taxes. The IRS permits certain students to be exempt from paying FICA when they work at the college they are attending (Internal Revenue Code 3121(b)(10)). Payroll and Employee Services in Norman or Payroll Services at HSC can provide basic information about forms and documents. This end-of-year tax form is mailed by January 31 every year.Anatomy of Your W-2 Tax Form: Everything you want to know about your W-2 Tax Form is on this one-page tip sheet.Updating Direct Deposit: Submit a completed authorization form and a voided check or other banking document as directed on the form.Alternative to Direct Deposit: Employees that do not provide direct deposit information will receive their wages deposited on the Key2Prepaid Pay Card through Key Bank.You can find PDF versions of your earnings statements in Employee Self-Service two days before pay day. We have created a payroll earnings statement guide to answer the most common questions about earning statements. You may not be able to open your earnings statement PDF in Employee Self-Service if your Internet browser's pop-up blocker is turned on.
Other transactions made with the Key2Prepaid Pay Card may have fees.You can review and update your tax withholding level as needed. Other questions about tax withholding should be directed to your tax professional.Update Your Form: You can update your tax withholding levels through Employee Self-Service. The W-2 tax form reports your earnings during the previous year.Employees in Health Sciences Center programs should follow the time tracking processes required in the TAL System.The university pays a portion of the insurance premiums for benefits eligible employees as part of their total compensation package.