1. Payroll
PAYROLL

2. When do I start receiving a paycheck?
It’s complicated!
Partnership Development (PD).
Partial Salary (PS).
PD release to Full Pay (FP).

3. When will I be paid?
Ka-Ching!
Home Office & Admin Assistants: The 15th or the last day of the month.
Field Staff & Salaried Staff:
The 15th of the month for the whole month.

4. How will I be paid?
Payroll Website: Paylocity
You will receive your login information from People Services at a later time.

6. Paylocity: One Stop, 24-hour Shop
Your Name Here!

7. Payroll Details For Individuals: For Married Couples: For Ministers:
For Ministry Representatives:

8. Payroll Calculations For January 15th Payroll November Fund Balance
+ December Monthly Income
Dec. Staff Service Allocation
+/- Dec. Company Paid Expense Transfers
- Dec. Housing & Living Allowance
Dec. National Conference Escrow Transfer
Dec. Reimbursements of Ministry Expenses
End of Dec. Fund Balance for Jan. Payroll

9. Payroll Calculations
Once your end of the prior month’s fund balance is calculated, your gross pay will be the lesser of…………

10. Payroll Calculations
What is Short pay?

11. Payroll Short Pay Example
Payroll Calculations

12. Payroll Calculations
What is Back pay?

13. Payroll Back Pay Example
History to date
Payroll Calculations

14. Payroll Partial Salary Examples
Payroll Calculation
Payroll Calculation (Short Pay)

15. Payroll Partial Salary Example
History to date
Payroll Calculations

16. PAYROLL TAXES
Note: the following is general tax information. We do not have the expertise or your personal information to provide tax advice or prepare your taxes.

17. PAYROLL TAXES
ISI withholds Federal Income Taxes on the taxable portion of your income.
ISI withholds State Income Taxes on the taxable portion of your income.

19. PAYROLL TAXES
For non-ministers, FICA (Federal Insurance Contribution Act) taxes are withheld from the employee’s payroll.
7.65%

20. PAYROLL TAXES
FICA OASDI (old age survivor disability insurance) Social Security
Current Rate: 6.2 %
FICA Medicare
Current Rate: %
Kaboom!

21. PAYROLL TAXES
For ministers, SECA (Self Employment Contribution Act) taxes apply to BOTH Housing & Living Allowance.
15.39%

22. PAYROLL TAXES
SECA OASDI (old age survivor disability insurance) Social Security
Current Rate: %
Includes employee 6.2% and employer 6.2% portion.
Kaboom!

23. PAYROLL TAXES SECA Medicare Current Rate: 2.9 %
Includes employee 1.45% and employer 1.45% portion.
Kaboom!

25. PAYROLL TAXES
Special Note: Ministerial services pay is subject to self-employment tax unless:
The minister is a member of a religious order, whose members have taken a vow of poverty.
The minister has requested and the IRS has approved an exemption from self-employment tax.

26. Voluntary Pre-Tax Payroll Deductions
Term Life Insurance
Vision Insurance
Dental Insurance

27. Pre-Tax Payroll Deductions
Flexible Spending Account
Health Savings Account

28. Pre-Tax Payroll Deductions Retirement Savings Plan
403(B) by Guidestone Financial

29. Your
Reports

30. Income & Spending Status Report (ISSR)

32. Field Income Report

34. Budget Worksheet

36. Budget determines Payroll!

37. Questions?