Payment Modeling Instructions

Payment Modeling Instructions
Have you ever wondered what the net result of your paycheck would
be due to:
Moving to another state
Getting married
Changing the number of deductions/exemptions on your W-4
Changing your Section 125 deduction
Getting a pay raise
Thanks to the “Payment Modeling” option located on the intranet
under HR Services, you can enter in different information and see the
net affect on your check. To access the Payment Modeling
information, you’ll need access to EMSS (Employee Manager Self
Service).
This option lets you enter in different information and see how your
paycheck would be affected. This program is informational only.
In order to make any permanent changes, the proper paperwork
would need to be completed and sent to the HR Department.
The following instructions/scenarios below should help explain how to
use the Payment Modeling feature!
If you have any questions about the Payment Modeling program or
the results that are shown; contact Paula Speropulos (Payroll
Manager) or any Payroll Representative.
Log into EMSS, using your User ID and password. Then under Employee Self
Service, click on the “My Payroll” link, and then click on “Payment Modeling.”
You will see a bar at the top that says “retrieving default values.” Your wage, tax
and deduction information will appear from the payroll system. This information
also appears on your pay stub. You may need to use the scroll bar(s) in order to
see all information.
Wages – Salary (see screen prints below)
•
Annual Salary – Takes your bi-weekly Gross Amount times 26 payroll
periods to arrive at an Annual Salary.
•
Gross Amount – This represents your bi-weekly Gross Pay, not your
taxable gross.
Wages—Hourly (see Screen prints below)
•
•
Pay Rate -- Is your hourly rate of pay
Hours – Is the number of hours you expect to be paid for during the biweekly payroll period.
The Screen above shows WAGES as it appears for SALARY co-workers.
(Has an Annual Salary)
The Screen below shows WAGES as it appears for HOURLY co-workers.
(Has Pay Rate and Hours)
Taxes: Federal information is based on your federal W-4. If you elected a
different withholding structure for your state taxes, it will be shown under the
State section. (It is also shown on your pay check stub.) We do not have Local
taxes.
o
Exemptions – how many you are claiming
o
Marital status – single or married
o
State - what state you pay taxes to
o
Additional withholding Amount – if on your W-4 you indicated
you wanted additional monies withheld the amount will
appear here
Deductions
o
Exempt – will not be used
o
Section 125 - includes deductions from your paycheck for
Section 125 (premiums, and medical/child care
reimbursement) before taxes are calculated.
o
401 (k) - will not be used
o
403 (b) – will not be used
o
457 – will not be used
o
After Tax – includes deductions from your paycheck for
uniforms, life insurance, credit union, United Way
contributions, Families Helping Families contributions, child
support, garnishment of wages, etc.
In this example, the HOURLY co-worker customized their information, they:
• Changed the amount of hours by entering a different number of hours
worked in a pay period
• Clicked on “Calculate”
• Notice the change in the “Results” information. The Gross Amount, Net
Amount and their deductions for federal state, social security, and
Medicare all changed. This information is for one pay period.
In this example, the HOURLY co-worker is seeing the effects of changing several
items, they:
• Changed their tax information - their marital status, their exemptions and
the state they live in
• Changed their deduction information – Added a Section 125 pre-tax
deduction (always use “Amount”)
• Clicked on “Calculate”
• Notice the change in the “Results” information. The Gross Amount, Net
Amount and their deductions for federal state, social security, Medicare,
Section 125 all changed. This information is for one pay period.
In this example, the HOURLY co-worker from above is seeing the effects of
adding an after tax percent for child support, they
• Added a number in the After-Tax deduction and chose percent.
• Clicked on “Calculate”
• Notice the change in the “Results” information. You may need to use the
scroll bar to see all the results. The Net Amount and After-Tax amounts
changed. This information is for one pay period.
Updated 9/23/05