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University Tax Services
(352) 392-1324
10/7/2008
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Gross Up Worksheet

Employee Name:
UFID:
Net Amount: (employee receives)
FICA Tax:
MEDI Tax:
Withholding Tax:
Gross Up Amount: (department pays **)
 

** Gross Up Amount: This is the amount that the department needs to pay that will show on the employee's check before withholdings.

NOTE: The gross-up calculation is based on the IRS supplemental tax rate of 25 percent. This is an average tax rate since each employee will be taxed according to the information provided on their IRS Form W-4. The are also employees that are subject to the wage based limit for paying Social Security taxes. The wage base limit for 2008 is $102,000 which is adjusted annually by the IRS.


University Tax Services
PO Box 113203
24 Tigert Hall
Gainesville, FL 32611-3203
Map to Tigert Hall
Phone: (352) 392-1324
Fax: (352) 392-4178
Reviewed: 08/08/2008
Active Browsers: 919